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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 | |
---|---|---|---|---|---|---|---|---|
0.08 | 0.06% | 129.30 | 129.685 | 127.44 | 128.41 | 963,570 | 01:00:00 |
Announcement made in conjunction with Infrastructure Week observation, celebrated May 13-17
In conjunction with the start of the Infrastructure Week observation, Pennsylvania American Water today announced its 2024 tank infrastructure investment plan to rehabilitate 10 of its water storage tanks and construct four new tanks. Pennsylvania American Water’s tank rehabilitation program of inspecting, sandblasting, and repainting tanks extends the tanks service lives and helps protect water quality. The total cost of the company’s water storage upgrades this year is approximately $28.3 million.
“Storage tanks are a critical part of our distribution system infrastructure,” said Bruce Aiton, vice president of engineering at Pennsylvania American Water. “Tanks provide system capacity to residential and commercial customers, along with adequate pressure and fire protection. Maintaining and rehabilitating tanks extends their service life and is more cost-efficient than replacing them.”
This year, the company will rehabilitate and repaint storage tanks in the following municipalities:
Municipality
County
Cost
Size (gal)
Union
Washington
$1,450,000
500,000
Union
Washington
$1,550,000
5,000,000
North Franklin
Washington
$475,000
550,000
Hanover
Washington
$375,000
300,000
West Pittsburg
Lawrence
$415,000
410,000
Neshannock
Lawrence
$675,000
1,100,000
White
Indiana
$1,600,000
200,000
White
Indiana
$850,000
2,000,000
McEwensville
Northumberland
$360,000
100,000
Lower Providence
Montgomery
$1,450,000
1,000,000
To rehabilitate the tanks, crews will strip the original paint and apply a new coating, which serves as a protective barrier that prevents steel from rusting and impacting water quality. During construction, customers should not experience impacts on their water service.
The company also is constructing four new ground storage tanks in the following municipalities to provide additional water storage capacity, which will help the company continue to deliver reliable water service to meet customer demand and provide fire protection:
Municipality
County
Cost
Size (gal)
Jackson
Butler
$4,900,000
750,000
Young
Jefferson
$5,550,000
500,000
Roaring Brook
Lackawanna
$6,900,000
3,500,000
Laurel Run
Luzerne
$1,050,000
200,000
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 2.3 million people.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240513005426/en/
Media Contacts: Gary Lobaugh Director, Government, and External Affairs, Western PA 724.873.3674 gary.lobaugh@amwater.com
David Misner External Affairs Manager, Central PA 717-262-7525 david.misner@amwater.com
Susan Turcmanovich External Affairs Manager, Northeast PA 570.351.0120 susan.turcmanovich@amwater.com
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