American Water Works Company, Inc. provides regulated and market-based drinking water, wastewater, and other related services to an estimated 15 million people in 47 states and the Province of Ontario, Canada. Established in 1886 as American Water Works & Guarantee in Pennsylvania, today the Company is the only water utility member of the Dow Jones Utility Average.
American Water Works Company has its corporate headquarters in Voorhees, New Jersey. The Company chiefly serves residential homes and businesses. In addition, it performs non-regulated contract operations for municipalities that own their utility systems.
The Company’s principal business involves the ownership of water and wastewater utilities. These provide water and wastewater services to residential, commercial, and industrial customers, treating and delivering greater than 1 billion gallons of water daily.
American Water Works is the largest and most geographically diverse U.S. publicly-traded water and wastewater utility enterprise. It operates as regulated utilities in about 1,600 communities in 16 U.S. states.
American Water Works’ main operating assets include roughly 81 surface water treatment plants; around 49,000 miles of mains and collection pipes; 500 groundwater treatment plants; and 1,100 groundwater wells. Main operating assets also include 100 wastewater treatment facilities; 1,200 treated water storage facilities; 1,400 pumping stations; as well as 81 dams.
The Company has expertise in water quality, testing, compliance, as well as treatment. Its water-testing laboratories and other facilities perform over 1 million water quality tests annually. American Water Works participates in the Partnership for Safe Water. This is the U.S. EPA’s (Environmental Protection Agency) voluntary program to meet more stringent objectives for decreasing microbes.
American Water Works has two kinds of operations:
With regulated operations, the Company owns the assets
With market-based operations, the Company manages assets and provides water and wastewater services for a municipality or other entity.
Pertaining to Research & Technology, American Water Works collaborates on a considerable number of its research projects with numerous stakeholders. These stakeholders include governmental entities (including the USEPA), consultants, universities, other utilities, and research agencies (including the Water Research Foundation, WateReuse Research Foundation, and the Water Environment Research Foundation). Moreover, the Company participates and collaborates with many state and local organizations via its state-regulated entities.
The Company launched its Innovation Development Process (IDP) to seek out innovations and leverage them for its customers and the water industry. With IDP, American Water Works has examined over 600 technologies so far. It is pursuing a dozen partnerships with domestic and worldwide partners.
New Jersey American Water is a subsidiary of American Water Works. New Jersey American Water is the largest investor-owned water utility in New Jersey. It provides high-quality and reliable water and/or wastewater services to about 2.7 million people.
American Water Works Company intends to release its 2016 Q4 and year-end financial results after the market closes on Tuesday, Feb. 21, 2017. The Company will host the 2016 Q4 and year-end earnings conference call and webcast with investors, analysts, and other interested parties on Wednesday, Feb. 22, 2017 at 9 a.m. Eastern Standard Time (EST).