American Water Unit To Invest $65M In Infrastructure Upgrade
Zacks Investment Research | Apr 12, 2017 10:45PM ET
American Water Works Company (NYSE:AWK) announced that its subsidiary, New Jersey American Water will invest $65 million to protect its Raritan-Millstone Water Treatment Plant from flooding during extreme weather conditions in the region.
The investment is a part of the company’s planned capital expenditure of $1.5 billion in 2017.
Project in Detail
The Raritan-Millstone Water Treatment Plant provides potable water to nearly 1 million customers of New Jersey American Water. This plant is located in an area which experiences severe flooding during significant storm events. These floodings are caused by the relative low ground surface elevations in the flood ways adjacent to Raritan and Millstone Rivers.
The $65 million project will raise the plant’s north flood wall by four feet, increasing its height to 48 feet, the level of flood resiliency supported by the U.S. Environmental Protection Agency and the Army Corp of Engineers.
The infrastructure upgrade, expected to be completed by Dec 2018, will also work on raising and widening the northeast berms, installing new flood gates, improving drainage mechanisms, installing a new low lift pump station and replacing emergency generators.
All these upgrade and additions will be made to the existing treatment plant to improve the resilience of the plant and ensure clean and reliable water service even during the difficult weather conditions in the region.
Maintenance Work is On
The company, along with its subsidiaries, continues to strengthen the existing infrastructure by replacing old and damaged pipelines. During first week of this month, the company announced that its subsidiary, New Jersey American Water, will invest in excess of $2.5 million to install new water mains within Rumson and under the Shrewsbury River in Rumson and Sea Bright. (read more:Zacks Investment Research
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