American Water Works Company

Money Moves

Buyer in the Nexus deal and acquirer in the pending Essential Utilities merger

American Water paid $315 million on June 1 for 47,000 customer connections that Nexus Water Group held across eight states. The deal closes one mid-size piece of a broader sell-off: small water systems shedding compliance-heavy assets to investor-owned utilities.

Updated Jun 5

Built World

Largest US investor-owned water utility; running 10-year, $48 billion capital program

Pennsylvania American Water confirmed $631 million in 2026 capital spending during Infrastructure Week. That was the largest single-state disclosure in the American Water Works rollout so far. Tennessee American Water followed with $40 million, closing out a week that began with Illinois's $290 million announcement on May 18.

Updated May 19