8-KRegulation FDOther EventsExhibits & Filings

American Water Works Company, Inc. 8-K Report, Regulation FD Disclosure (May 27, 2022)

Filed May 27, 2022For Securities:AWK

Summary

American Water Works Company, Inc. (AWK) announced through its subsidiary, Pennsylvania-American Water Company, the completion of a significant acquisition. Pennsylvania-American Water has purchased the public wastewater collection and treatment system assets of the York City Sewer Authority for an aggregate purchase price of $235.3 million. This strategic acquisition includes assets that serve over 45,000 customers and was approved by the Pennsylvania Public Utility Commission. This expansion into wastewater services in York City represents a key growth initiative for AWK, enhancing its service offerings and extending its reach within a crucial market. The transaction, completed on May 27, 2022, is expected to contribute to the company's overall revenue and customer base, aligning with its strategy of acquiring and integrating essential utility infrastructure.

Key Highlights

  • 1Pennsylvania-American Water, a subsidiary of AWK, has successfully acquired the wastewater collection and treatment system assets of the York City Sewer Authority.
  • 2The acquisition, valued at $235.3 million, includes assets serving over 45,000 customers.
  • 3The transaction was finalized on May 27, 2022, following approval by the Pennsylvania Public Utility Commission on April 14, 2022.
  • 4This marks an expansion for AWK into wastewater services in the York City area.
  • 5The acquisition is expected to enhance AWK's service portfolio and customer reach.

Frequently Asked Questions

The main event is the completion of an acquisition by Pennsylvania-American Water Company, a subsidiary of American Water Works Company (AWK), of the wastewater collection and treatment system assets of the York City Sewer Authority.

The aggregate purchase price for the wastewater system assets was $235.3 million. This includes the stated purchase price of $235 million plus an adjustment for average daily revenue between the final meter reading and the closing date.

The acquired wastewater system assets serve more than 45,000 customers, both directly and indirectly through bulk contracts.

Yes, the sale was approved by the Pennsylvania Public Utility Commission on April 14, 2022.