American Water Works Company, Inc
) subsidiary, Pennsylvania American Water, has announced a water
infrastructure upgrade program to its EH Aldrich Treatment Plant
AMER WATER WORK (AWK): Free Stock Analysis
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Pennsylvania American Water is installing a 42-inch parallel raw
water main, filter-to-waste system and additional improvements at
the plant. The total cost of this project is estimated at around
This new filter-to-waste system will enable the filtering process
automatically. The new water main, currently under
construction, will run parallel to the existing 42-inch raw water
line and act as a back-up in case of emergency, thereby limiting
Along with the construction of the filter-to-waste system,
Pennsylvania American Water will construct a new 100-foot
diameter water treatment residual clarifier tank and update the
This update and construction will be done to avert the effects of
freezing during the harsh winter season. Construction of the
clarifiers will begin in the latter half of 2014.
American Water Works plans to invest $5.8 billion from 2014
through 2018 in its water and wastewater systems. Systematic
investment will help the company to strengthen its
infrastructure, replace old assets and efficiently cater to
American Water adheres to and complies with regulatory standards
and provides uninterrupted and reliable services to its
customers. The company, with the help of both organic and
inorganic growth strategies, is trying to expand its operations
and cope with increased service demand.
American Water Works currently has a Zacks Rank #3 (Hold).
Other Stocks to Consider
However, some better-ranked stocks in the same industry include
American States Water Co.
Middlesex Water Co.
Connecticut Water Service Inc.
). While American States Water and Middlesex Water hold a Zacks
Rank #1 (Strong Buy), Connecticut Water Service carries a Zacks
Rank #2 (Buy).