American Water Acquires Granite City Wastewater Plant
Ticker: AWK · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1410636
| Field | Detail |
|---|---|
| Company | American Water Works Company, INC. (AWK) |
| Form Type | 8-K |
| Filed Date | Mar 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $86 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, infrastructure, water-utility
Related Tickers: AWK
TL;DR
AWK just bought a wastewater plant in Illinois. Big win for their regional expansion.
AI Summary
On March 11, 2024, American Water Works Company, Inc. (AWK) announced the acquisition of the Granite City Wastewater Plant in Illinois. This acquisition, made by its subsidiary Illinois-American Water, is expected to enhance AWK's service offerings and operational efficiency in the region.
Why It Matters
This acquisition expands American Water's footprint in Illinois, potentially leading to improved wastewater services for residents and businesses in Granite City.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of an asset acquisition with no immediate financial implications or significant changes to the company's operations.
Key Players & Entities
- American Water Works Company, Inc. (company) — Registrant
- Illinois-American Water (company) — Subsidiary making the acquisition
- Granite City Wastewater Plant (company) — Acquired asset
- March 11, 2024 (date) — Date of report and acquisition announcement
FAQ
What is the name of the subsidiary that acquired the Granite City Wastewater Plant?
Illinois-American Water acquired the Granite City Wastewater Plant.
In which state is the Granite City Wastewater Plant located?
The Granite City Wastewater Plant is located in Illinois.
What type of facility is the Granite City Wastewater Plant?
The Granite City Wastewater Plant is a wastewater treatment facility.
What is the filing date of this Form 8-K?
The Form 8-K was filed on March 11, 2024.
What is the primary business of American Water Works Company, Inc.?
American Water Works Company, Inc. is primarily involved in water supply.
Filing Stats: 587 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-03-11 17:11:45
Key Financial Figures
- $0.01 — ich Registered Common stock, par value $0.01 per share AWK New York Stock Exchange
- $86 m — er") for an aggregate purchase price of $86 million, pursuant to an Asset Purchase Ag
Filing Documents
- awk-20240311.htm (8-K) — 29KB
- exhibit991-pressreleaseila.htm (EX-99.1) — 10KB
- imagea.jpg (GRAPHIC) — 33KB
- 0001410636-24-000085.txt ( ) — 237KB
- awk-20240311.xsd (EX-101.SCH) — 2KB
- awk-20240311_def.xml (EX-101.DEF) — 14KB
- awk-20240311_lab.xml (EX-101.LAB) — 25KB
- awk-20240311_pre.xml (EX-101.PRE) — 15KB
- awk-20240311_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. Completion of Acquisition of Granite City Wastewater Treatment Plant On March 11, 2024, Illinois-American Water Company ("Illinois American Water"), a wholly owned subsidiary of American Water Works Company, Inc. (the "Company"), completed the acquisition of a wastewater treatment plant and related assets from Granite City (the "Seller") for an aggregate purchase price of $86 million, pursuant to an Asset Purchase Agreement, dated April 6, 2023, as amended September 28, 2023. The Granite City wastewater treatment plant serves approximately 26,000 customers, including 15,500 customers indirectly in surrounding communities. The sale was approved by the Illinois Commerce Commission on January 31, 2024. A copy of the press release issued by Illinois American Water on March 11, 2024, has been included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. References and links to websites and other information contained in this press release are not provided as active hyperlinks, and the information contained in or accessed through these hyperlinks shall not be incorporated into, or form a part of, this Current Report on Form 8-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits to this Current Report have been provided herewith as noted below: Exhibit No. Description 99.1* Press Release, dated March 11 , 2024, issued by Illinois American Water. 104 Cover Page Interactive Data File (the cover page XBRL tags are included and formatted as Inline XBRL). * Filed herewith. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN WATER WORKS COMPANY, INC. Dated: March 11, 2024 By: /s/ JOHN C. GRIFFITH John C. Griffith Executive Vice President and Chief Financial Officer 3