American Water Infrastructure Investments Ensures Reliable Service to Our Customers
May 15 2017 - 10:41AM
Business Wire
American Water will invest almost $6 billion
over the next five years in infrastructure improvements
Each year, American Water (NYSE: AWK) invests around $1 billion
nationally on infrastructure assets to continue to provide
essential services to customers. As part of that commitment, today,
American Water announced its participation in the national advocacy
and educational event, Infrastructure Week, which takes place from
May 15-19, 2017.
“We all depend on safe, reliable and affordable infrastructure
in our everyday lives. Water and wastewater infrastructure in
particular is vital to our health, communities, and economy,” said
Susan Story, CEO, American Water.
American Water state subsidiaries across the country are
continually investing to replace aging infrastructure, upgrade
existing or construct new facilities, ensure fire protection and
comply with the latest water quality standards. This week we will
highlight several of these infrastructure investments from Illinois
to Virginia on Twitter and Facebook.
“American Water will invest about $6 billion dollars in the next
five years in our nation-wide system of pipes, plants, and pumps.
We are committed to this level of investment because it's critical
to maintaining the service that our customers both demand and
deserve,” said Story. “We are also committed to running our
business as efficiently as possible to ensure that our customers’
bills remain affordable.”
Across the country, businesses, labor organizations, elected
officials and more will come together to spread the message about
how infrastructure enhances our local and regional economy, our
quality of life, our safety, and the strength of our
communities.
Recently, the American Society of Civil Engineers' (ASCE) latest
Report Card for America's Infrastructure, issued every four years
since 2001, gave the nation's water systems a D grade and
wastewater systems a D+ grade. This remains in line with the last
few reports, and heightens the sense of urgency to take actions
that will turn around the condition of this often-overlooked
category of infrastructure.
According to a recent study commissioned the Value of Water
Campaign (VoW), investment in water infrastructure has direct
economic benefits and creates high-quality jobs. With a commitment
to invest nearly $6 billion invested over the next five years,
American Water will help create jobs in and strengthen the
communities we serve nationally.
More information about Infrastructure Week can be found here:
http://infrastructureweek.org/
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 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 at www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170515006011/en/
American WaterJoseph SzafranExternal Affairs
Manager856-309-4690joseph.szafran@amwater.com
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