Indiana Launches First PFAS Water Treatment System
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9h ago
0mins
Source: Newsfilter
- PFAS Treatment System Launch: Indiana American Water has invested nearly $6 million to activate the state's first drinking water treatment system designed to remove PFAS at its Charlestown facility, marking a significant milestone in public health protection.
- Community Health Improvement: Mayor Treva Hodges stated that the system's implementation will enhance drinking water quality, spur community growth, and make Charlestown a more attractive place to live and invest.
- Infrastructure Investment: The project includes a granular activated carbon system and upgrades to pumps, piping, and electrical systems, ensuring compliance with federal and state standards while serving approximately 3,000 customers and 8,000 residents.
- Future Expansion Plans: Indiana American Water plans similar PFAS treatment upgrades in Terre Haute, Johnson County, and other areas, aiming to ensure compliance with evolving water quality regulations and safeguard public health.
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Analyst Views on AWK
Wall Street analysts forecast AWK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AWK is 137.83 USD with a low forecast of 122.00 USD and a high forecast of 155.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
0 Buy
5 Hold
1 Sell
Hold
Current: 127.050
Low
122.00
Averages
137.83
High
155.00
Current: 127.050
Low
122.00
Averages
137.83
High
155.00
About AWK
American Water Works Company, Inc. is a water and wastewater utility company. The Company's primary business involves the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sale for resale customers. It also operates other businesses that provide water and wastewater services to the United States government on military installations, as well as municipalities. The Company operates its business through the Regulated Businesses segment. The Regulated Businesses segment includes subsidiaries that provide water and wastewater services to customers in approximately 14 states. The Company's utilities operate in states such as Pennsylvania, Georgia, Hawaii, Indiana, Iowa, Kentucky, Maryland, Tennessee, Virginia and West Virginia. The Company also serves commercial customers, fire service customers, industrial customers, public authorities, other utilities and community water and wastewater systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Indiana Launches First PFAS Water Treatment System
- PFAS Treatment System Launch: Indiana American Water has invested nearly $6 million to launch the state's first drinking water treatment system designed to remove PFAS at its Charlestown facility, marking a significant milestone in public health protection.
- Community Health Improvement: Mayor Treva Hodges highlighted that the system's implementation will enhance drinking water quality, improve residents' quality of life, and attract further investments to the community.
- Infrastructure Investment: The project includes not only a granular activated carbon system but also upgrades to pumps, piping, and electrical systems, ensuring the treatment facility can accommodate future improvements while serving approximately 3,000 customers.
- Future Expansion Plans: Indiana American Water plans similar PFAS treatment upgrades in Terre Haute, Johnson County, and other areas, aiming to ensure compliance with evolving water quality regulations and safeguard public health.
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Iowa American Water Explains Cloudy Water Phenomenon
- Water Quality Assurance: Iowa American Water guarantees that its water meets or exceeds all Iowa Department of Natural Resources and U.S. EPA Safe Drinking Water Act regulations, alleviating customer health concerns regarding water quality.
- Cause of Cloudy Water: The cloudy or milky appearance of tap water is primarily due to dissolved air bubbles, particularly noticeable during winter months when water temperatures drop to 32.5 degrees Fahrenheit, which customers can verify by observing bubbles rising in a glass of water.
- Temperature Effects: Cold water retains dissolved oxygen as it travels through underground pipes, and when it warms up in household plumbing, it cannot hold as much air, resulting in cloudy water when the faucet is turned on.
- Customer Service Access: Iowa American Water encourages customers with questions or concerns to contact water quality experts or visit the company's website for the latest water quality reports, ensuring customer confidence in their water supply.
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