Pennsylvania American Water Submits Multi-Year Rate Request to Pennsylvania Public Utility Commission
American Water Works Company, Inc. (AWK)
Last american water works company, inc. earnings: 2/18 04:37 pm
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Source: Business Wire
Request driven by $1.64 billion invested to address aging water and wastewater infrastructure; Company proposing enhancements to customer financial assistance program MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water today filed a request with the Pennsylvania Public Utility Commission (PUC) to adjust its water and wastewater rates over a two-year period following an extensive review of the investment needed to ensure continued safe and reliable water and wastewater service.“Since our last rate case, we will have invested $1.64 billion in infrastructure upgrades, including replacing more than 427 miles of aging water and sewer pipelines and upgrading treatment facilities, storage tanks, wells and pumping stations,” said Mike Doran, president of Pennsylvania American Water. “These infrastructure investments help ensure continued water quality, service reliability and fire protection for the more than 2.4 million people in 400 communities who depend on us every day.”Th
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