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Stock Market & Financial Investment News

News Breaks
April 28, 2014
13:30 EDTAWKCalifornia American Water to acquire Meadowbrook Water
California American Water has entered a binding memorandum of understanding to acquire Meadowbrook Water's operating assets and to assume responsibility for providing domestic water services within Meadowbrook’s service area in Merced County. Meadowbrook is an investor-owned Class C Water Utility, regulated by the California Public Utilities Commission. Meadowbrook Water and California American Water anticipate filing an application in fall of this year seeking approval from the CPUC. Final transfer of Meadowbrook’s operations to California American Water is expected to take place in the spring of 2017.
News For AWK From The Last 14 Days
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December 22, 2014
16:02 EDTAWKMissouri American Water acquires Anna Meadows systems in Lincoln county
Missouri American Water announced the company’s acquisition of the water and sewer systems previously owned by the Anna Meadows Homeowners’ Association, located near Moscow Mills, Mo. The purchase of the system adds approximately 75 customers to the company’s customer base. “The acquisition of this system will provide Anna Meadows customers with access to water and sewer professionals and a convenient 24/7 customer service center,” said Frank Kartmann, president of Missouri American Water. The acquisition of the Anna Meadows systems was approved by the Missouri Public Service Commission on November 5 and closed on December 19, 2014. The Anna Meadows system will be incorporated into Missouri American Water’s East Central Missouri Operation, which serves approximately 49,000 customers in St. Charles, Warren and Jefferson Counties, Jefferson City and Mexico, Missouri. Customers will receive letters with information about the sale and transition. They will receive their first monthly bill from Missouri American Water in early February for service provided January.
December 19, 2014
14:12 EDTAWKMaryland American Water files request for rate increase
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December 15, 2014
07:32 EDTAWKAmerican Water sees FY15 continuing ops EPS $2.55-$2.65
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December 8, 2014
15:54 EDTAWKAmerican Water to host conference call
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