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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Water Works | NYSE:AWK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
3.98 | 3.16% | 129.93 | 128.85 | 127.215 | 127.82 | 1,735,770 | 01:00:00 |
New Jersey American Water will be investing $4 million in new water mains in its service area of Loch Arbour, Asbury Park and Allenhurst. The approximate 11,000 feet of new pipe replaces water main that was installed as far back as the 1900s. The aging water lines will be replaced with ductile iron pipes.
New Jersey American Water’s qualified contractor, CRJ Contracting Corp. began the project on July 31 on the following streets:
"With the installation of the new water mains, our customers in this area should experience increased water flows for residences and fire protection, and continued improvement in reliability," stated Mark Fitzpatrick, New Jersey American Water Project Manager Engineer. "These water main improvements are part of New Jersey American Water's multimillion dollar program to accelerate the renewal of water infrastructure that is reaching the end of its useful life."
Fitzpatrick added that this project is being coordinated with the New Jersey Department of Transportation so that the main replacements are completed ahead of their scheduled pavement resurfacing project beginning in January 2018. Scheduled work will be completed at night, Monday through Thursday from 8 p.m. to 6 a.m. New Jersey American Water values the safety of its workers and advises drivers and pedestrians to take caution in the vicinity of work sites.
New Jersey American Water recently published an interactive Infrastructure Upgrade Map on its website to share details about its pipeline renewal projects, including this one. The map is located at www.newjerseyamwater.com under Water Quality, System Updates.
New Jersey American Water, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing high quality and reliable water and/or wastewater services to approximately 2.7 million people. More information can be found at newjerseyamwater.com. With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. The company employs 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found by visiting www.amwater.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170822005909/en/
New Jersey American WaterDenise Venuti FreeDirector of Communications and External Affairs856-782-2316denise.free@amwater.com
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