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Stock Market & Financial Investment News

News Breaks
April 25, 2014
09:32 EDTAWK, ABGBAmerican Water, Abengoa sign worldwide licensing agreement for NPXpress
American Water (AWK) and Abengoa (ABGB) signed a worldwide licensing agreement for American Water’s patented NPXpress technology. The agreement will enable Abengoa to use NPXpress to achieve wastewater treatment and nutrient removal in a sustainable way. American Water will retain all rights with respect to its NPXpress technology. The NPXpress technology helps wastewater utilities, which are facing both increasing operating costs and more stringent environmental regulations, to reduce costs while improving the removal of nitrogen and phosphorus. Because the technology operates at lower oxygen levels, electricity consumption for aeration can be reduced by up to 50%. In addition, the process can eliminate the need for costly chemical addition by up to 80%-100%. This process provides a more affordable and sustainable way of treating sewage. NPXpress is patent-protected in 15 countries and the EU.
News For AWK;ABGB From The Last 14 Days
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July 31, 2015
18:23 EDTAWKMissouri American Water files rate request
Missouri American Water filed an application with the Missouri Public Service Commission to adjust rates for water and sewer service in all of the company’s operating districts. Missouri American Water’s last general rate case was approved by the MoPSC in April 2012. The company’s investments in water and sewer system improvements are the primary driver behind this rate request. From January 1, 2012 to January 31, 2016, Missouri American Water will have invested approximately $436M in water and sewer infrastructure statewide. These improvements to local water and sewer plants, pumps and pipes help to enhance service quality, reliability, environmental performance, public health and fire protection for customers. Rates will not change until the MoPSC completes a comprehensive audit of the request. The 11-month process includes public hearings and opportunities for public comment. Four years will have passed since Missouri American Water’s last rate increase in 2012, if the MoPSC maintains its traditional 11-month review schedule. The company is requesting a general increase of about $49.3M per year for water rates and about $1.8M per year for sewer rates. Missouri American Water, a subsidiary of American Water (AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 1.5M people.
July 27, 2015
17:38 EDTAWKAmerican Water subsidiary acquires Russiaville Water
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July 17, 2015
12:43 EDTAWKAmerican Water awarded two research contracts
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