Thousands of Miles of Challenges, and a Capital Program to Meet Them
September 15 2015 - 2:37PM
Business Wire
New Jersey American Water's Varley Speaks on
the Need for Continuous Investment in the State's Water and
Wastewater Infrastructure
New Jersey’s water and wastewater infrastructure needs
continuous investment, regardless of who owns it. That was the
message New Jersey American Water President William M. Varley
delivered today as part of a panel sponsored by the New Jersey
Business & Industry Association on the condition of the state’s
aging infrastructure.
“Whether or not we provide service to an area, I think that we
all agree that the water and wastewater infrastructure is critical
to New Jersey’s shared economic vitality and survival,” Varley
said. “And that requires dedicating the necessary capital resources
to constantly maintain and renew it as it ages.”
In less than three years, New Jersey American Water, with a
system that has about 9,000 miles of mains, has invested more than
$775 million in infrastructure upgrades and replacements, including
more than 160 miles of new water mains. “Our continuous investment
not only ensures customer access to clean reliable water service,
but is also instrumental in generating both jobs and revenue in the
state,” Varley said.
New Jersey American Water, a wholly owned subsidiary of American
Water (NYSE: AWK) is the largest investor-owned water utility in
the state, providing high-quality and reliable water and/or
wastewater services to approximately 2.5 million people. Founded in
1886, American Water is the largest and most geographically diverse
publicly traded U.S. water and wastewater utility company. With
headquarters in Voorhees, N.J., the company employs more than 6,800
dedicated professionals who provide drinking water, wastewater and
other related services to approximately 15 million people in 47
states, as well as parts of Canada. More information can be found
by visiting www.amwater.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150915006817/en/
New Jersey American WaterRichard Barnes,
856-782-2371richard.barnes@amwater.com
American Water Works (NYSE:AWK)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Water Works (NYSE:AWK)
Historical Stock Chart
From Apr 2023 to Apr 2024