American Water Arm To Invest $9.5M To Improve Water Services
Zacks Investment Research | Jun 24, 2019 06:52AM ET
American Water Works Company (NYSE:AWK) announced that its subsidiary Illinois American Water is going to invest nearly $9.5 million to improve the water services that it provides to customers in the Peoria area. The investment will be directed to replace 6.6 miles of water mains and rehabilitate two overhead water tanks in the area.
This move will help the company to strengthen its existing water infrastructure in this region and serve customers more efficiently. Illinois Water has been investing on a regular basis to upgrade, maintain and expand water operations. Earlier this month, the company decided to invest $0.65 million to improve water services in the Pontiac area. (Read more: Zacks Investment Research
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