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Stock impact report

Extreme cold causing water main breaks across NYC, New Jersey [CBS News]

VEOLIA ENVIRONNEMENT ADR (VEOEY) 
NASDAQ:AMEX Investor Relations: veolia.com/en/veolia-group/finance-area
Company Research Source: CBS News
There have been over a dozen water main breaks across the Tri-State Area in the past week alone. Why does cold weather cause water main breaks? Water company officials say a sudden drop in temperatures puts stress on pipes. "Rapid swings from mild to bitter cold cause the ground to contract, increasing stress on the pipe. As the soil freezes, it also expands and shifts – a process known as frost heave, which puts pressure on pipes," a Veolia Water Company spokesperson said. Veolia provided tips to homeowners to prevent freezing pipes: disconnect and drain your garden hose connection before it gets cold, prepare your water pipes with insulation or heat tape, and label the main shut-off valve so everyone knows where it is. If you have been impacted by a water main break, you're urged to run cold water 10 to 15 minutes to clear discoloration. 4 N.J. water main breaks in 1 day On Saturday alone, there were at least four water main breaks across New Jersey, including two in Show less Read more
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