Investor-owned regulated water utility (NYSE: AWK)
Appears in 2 stories
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
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
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