American Water Acquires Granite City Wastewater Plant

Ticker: AWK · Form: 8-K · Filed: 2024-03-11T00:00:00.000Z

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.

From the Filing

0001410636-24-000085.txt : 20240311 0001410636-24-000085.hdr.sgml : 20240311 20240311171145 ACCESSION NUMBER: 0001410636-24-000085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240311 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240311 DATE AS OF CHANGE: 20240311 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Water Works Company, Inc. CENTRAL INDEX KEY: 0001410636 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 510063696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34028 FILM NUMBER: 24739063 BUSINESS ADDRESS: STREET 1: 1 WATER STREET CITY: CAMDEN STATE: NJ ZIP: 08102-1658 BUSINESS PHONE: 856-955-4001 MAIL ADDRESS: STREET 1: 1 WATER STREET CITY: CAMDEN STATE: NJ ZIP: 08102-1658 8-K 1 awk-20240311.htm FORM 8-K - ILLINOIS-AMERICAN WATER ACQUISITION OF GRANITE CITY WASTEWATER PLANT awk-20240311 March 11, 2024 0001410636 false 0001410636 2024-03-11 2024-03-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 11, 2024 American Water Works Company, Inc. (Exact name of registrant as specified in its charter) Commission File Number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 1 Water Street Camden , NJ 08102-1658 (Address of principal executive offices, including zip code) ( 856 ) 955-4001 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, par value $0.01 per share AWK New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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 in