Maryland American Water Urges Efficient Water Use Amid Drought
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: Newsfilter
- Drought Conditions: Maryland is currently facing severe drought due to three consecutive years of dry weather and below-average rainfall, with national drought coverage reaching its highest level in nearly four years, prompting local water companies to stress the importance of water conservation.
- Water Usage Recommendations: Maryland American Water encourages customers to adopt simple water-saving measures, such as adjusting watering schedules and fixing household leaks, to reduce water bills and protect local water supplies, especially during the summer months when temperatures and demand rise.
- Water-Saving Tips: Customers are advised to water early in the morning or late in the evening to minimize evaporation losses, collect rainwater for outdoor plants, check sprinkler heads to prevent waste, and use brooms instead of hoses for outdoor cleaning, effectively utilizing every drop of water.
- Customer Self-Service: Customers can monitor their water usage through the MyWater self-service portal, which provides up to two years of usage data and information on budget billing and customer assistance programs, further enhancing awareness and action towards water conservation.
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Analyst Views on AWK
Wall Street analysts forecast AWK stock price to rise
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 125.530
Low
122.00
Averages
129.00
High
139.00
Current: 125.530
Low
122.00
Averages
129.00
High
139.00
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. The Company 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 14 states. The Company's utilities operate in states such as Georgia, Hawaii, Indiana, Iowa, Kentucky, Maryland, Tennessee, Virginia and West Virginia. It also serves commercial customers, fire service customers, industrial customers, public authorities, and 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.
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See More
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- Capital Investment Drive: This revenue increase is primarily driven by approximately $115 million in ongoing capital investments planned between May 2025 and April 2027, aimed at implementing critical system upgrades.
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See More
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See More
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See More
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See More
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- Revenue Recovery Plan: Under the agreement, the company will recover additional annualized water and wastewater revenue of $24 million in 2027, $21 million in 2028, and $22 million in 2029, although its 2027 request remains $43 million above the expected 2026 revenue.
- Customer Assistance Program Discounts: The settlement increases discounts for qualified residential customers in Central California from 35% to 50%, while maintaining 25% discounts for eligible customers in Northern and Southern California, aimed at enhancing customer affordability.
- Pending Issues: The treatment of Construction Work in Progress remains pending before the California Public Utilities Commission, which could impact future rate adjustments and the company's financial outlook.
See More
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- System Performance Improvement: The installation of eight-inch PVC pipes replaces nearly 100-year-old four-inch cast iron pipes, improving fire protection and reducing the risk of service interruptions, thereby enhancing water safety for residents and businesses.
- Long-Term Community Value: The project also included the replacement of six commercial fire services, 52 domestic service laterals, and one new fire hydrant, aimed at providing long-term water service improvements that ensure the safety of residents' daily water supply in Carmel.
- Ongoing Commitment: This project underscores California American Water's ongoing commitment to maintaining safe and reliable water infrastructure, ensuring stable water service delivery for customers and supporting the community's future development.
See More
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- Settlement Agreement: Virginia American Water filed a settlement agreement with the Virginia State Corporation Commission on June 5, 2026, to address its statewide General Rate Case, which is subject to SCC review and approval.
- Revenue Increase Plan: The settlement results in a $16 million annual revenue increase, significantly lower than the initial request of $22 million, reflecting the company's ongoing commitment to improving water quality and reliability.
- Capital Investment Drive: This revenue increase is primarily driven by approximately $115 million in ongoing capital investments planned between May 2025 and April 2027, aimed at implementing critical system upgrades.
- Interim Rates Implementation: Interim rates for customers became effective on May 2, 2026, and will remain until the SCC issues a final rate order, with the difference refunded with interest once final rates are determined.
See More
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- Infrastructure Investment: The completion of the underground water main project in Carmel-By-The-Sea signifies a crucial investment in local infrastructure, enhancing long-term water service reliability and fire protection to meet future community needs by replacing approximately 1,000 feet of old cast iron pipe.
- Pipe Replacement Details: The project involved replacing nearly 100-year-old four-inch cast iron pipes with eight-inch PVC pipes, which not only reduces the risk of service interruptions but also improves system performance, ensuring safe water supply for residents, businesses, and visitors.
- Long-Term Community Value: California American Water crews replaced six commercial fire services, 52 domestic service laterals, and one new fire hydrant, reflecting a commitment to long-term community value and supporting improvements in water service for years to come.
- Future Commitment: The project's completion underscores an ongoing commitment to maintaining safe and reliable water infrastructure, ensuring California American Water customers receive dependable service while building a stronger, more resilient system for the future.
See More
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- Revenue Growth Outlook: California American Water's settlement with the CPUC allows for an additional $24 million in water and wastewater revenues in 2027, with estimates of $21 million for 2028 and $22 million for 2029, indicating a stable revenue growth potential over the next three years.
- Enhanced Customer Assistance Program: The settlement increases the discount for qualified residential customers in Central California from 35% to 50%, while maintaining a 25% discount for customers in Northern and Southern California, aiming to improve customer satisfaction and strengthen the company's community image.
- Expansion of Multi-family Assistance Program: The agreement also authorizes the expansion of the Multi-family Assistance Payment Program to qualified residents in Monterey County, further demonstrating the company's commitment to community service.
- Commitment to System Investments: The current General Rate Case reflects approximately $750 million in ongoing water and wastewater system investments, underscoring the company's dedication to improving water quality and reliability for its 720,000 residents, thereby enhancing its competitive position in the market.
See More
