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MarketScreener Homepage  >  Equities  >  Nyse  >  American Water Works Company    AWK


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New Jersey American Water : Completes Required Lead and Copper Sampling and Verifies its Systems are Compliant

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10/10/2019 | 09:41am EDT

New Jersey American Water has completed its required lead and copper sampling for 2019 and all systems tested meet state water quality regulations. The company tested 14 water systems that are required to be tested between June and September, and all results show compliance with safe drinking water guidelines for lead and copper. The company’s other 20 water systems are tested every three years in accordance with DEP regulations and they are also in compliance.

“New Jersey American Water routinely tests and monitors the drinking water leaving the treatment facilities and at different distribution points through the system – and we provide corrosion control treatment where needed – and these specific lead and copper testing results show both our investment in infrastructure and our treatment processes are working,” said Cheryl Norton, president of New Jersey American Water. “While these results will be included in our annual Water Quality Reports in June, we wanted to share this news with our customers now so they can feel confident that their water is safe to drink.”

The 14 water systems that were tested this year and the towns served in each are as follows:

North Operations

Short Hills: Bedminster, Berkeley Heights, Bernards (Basking Ridge), Bernardsville, Chatham Borough, Chatham Township, Chester Borough, East Hanover, Far Hills, Florham Park, Harding, Hillside, Irvington, Livingston, Long Hill Township (Gillette, Millington, Stirling), Madison, Maplewood, Mendham Borough, Mendham Township, Millburn (Short Hills), Morris, New Providence, Roseland, South Orange, Springfield, Summit, Union, Verona, Warren, Watchung, West Orange.

South Orange Village: South Orange

Twin Lakes: Bernardsville

Central Operations

Raritan: Bedminster, Belle Mead, Bound Brook, Branchburg, Bridgewater, Chester, Clark, Cranbury, Cranford, Fanwood, Far Hills, Flagtown, Flemington, Garwood, Gladstone, Green Brook, Hightstown, Hillsborough, Hillside, Jamesburg, Kenilworth, Kingston, Lawrence, Linden, Manville, Martinsville, Middlesex, Montgomery, Mountainside, Neshanic Station, North Plainfield, Peapack, Piscataway, Plainfield, Plainsboro, Pottersville, Princeton, Princeton Junction, Raritan Borough, Raritan Township, Readington, Roselle, Roselle Park, Scotch Plains, Somerset, Somerville, South Bound Brook, South Plainfield, Tewksbury, Three Bridges, Union, Vauxhall, Warren, Watchung, Westfield, West Windsor, Whitehouse, Whitehouse Station.

Liberty: Elizabeth

Frenchtown: Frenchtown

Cross Roads: Tewksbury

Coastal Operations

Coastal North: Aberdeen, Allenhurst, Asbury Park, Bay Head, Bradley Beach, Brick Township (in part), Colts Neck in part, Deal, Dover (in part), Eatontown, Elberon, Fair Haven, Freehold (in part), Highlands Borough, Holmdel, Howell Township, Interlaken, Lakewood, Lavallette (in part), Little Silver, Loch Arbor, Long Branch, Mantoloking, Middletown, Monmouth Beach, Neptune, Neptune City, Ocean Grove, Oceanport, Ocean Township, Red Bank, Rumson, Sea Bright, Shrewsbury Borough, Shrewsbury Township, Tinton Falls, Wanamassa, West Long Branch, Ortley Beach, Pelican Island.

Shorelands: Aberdeen, Hazlet, Holmdel, Keyport, Union Beach.

Union Beach: Union Beach

South Operations

Delaware (Western): Audubon, Audubon Park, Barrington, Bellmawr (in part), Beverly, Burlington Twp. (in part), Camden (11th & 12th wards, Cramer Hill), Cherry Hill (in part), Cinnaminson, Clementon, Delanco, Delran, Edgewater Park, Elk Twp. (in part), Gibbsboro, Gloucester Twp. (in part), Haddonfield, Haddon Heights, Haddon Twp. (in part), Hi-Nella, Laurel Springs, Lawnside, Lindenwold, Magnolia, Maple Shade (in part), Mt Ephraim, Mt Laurel (in part), Oaklyn, Palmyra, Pennsauken (in part), Riverside, Riverton, Runnemede, Somerdale, Stratford, Voorhees.

Cape May Court House: Cape May Court House, Mamora.

Ocean City: Ocean City, Mamora.

Atlantic County: Absecon, Cologne, Egg Harbor City, Egg Harbor Township, Galloway Township, Linwood, Northfield, Pleasantville, Pomona, Smithville, Somers Point.

New Jersey American Water relies on the expertise of more than 800 professionals across the state, from plant operators and water quality professionals to engineers and water distribution professionals, to monitor and test the water, and maintain facilities and infrastructure across the state to ensure safe, efficient operations. New Jersey American Water’s water treatment technology, combined with its aggressive infrastructure investment program that focuses on the replacement of aging water mains and service lines, work together to help ensure quality and reliability for customers. The company invests approximately $350 million annually to upgrade plants, pumps and pipes throughout its service areas. Additionally, if a company-owned lead service line is encountered during a replacement or repair project, the company mitigates the risk for customers by offering to replace the customer-owned portion of the line at the same time.

Although lead is not an issue in the treated water leaving the company’s facilities or in the pipes in the distribution system, the company reminds customers there are additional steps people can take to help further protect themselves from lead particles that could be present in indoor plumbing. If your home was built before 1985, your plumbing system may contain leaded materials. To minimize possible exposure, experts recommend running your kitchen tap with cold water for 30 seconds to 2 minutes if it has gone unused for more than six hours. This is a simple way to reduce the risk of lead exposure from plumbing in older buildings. For more tips and information, visit www.newjerseyamwater.com/leadfacts.

New Jersey American Water, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.7 million people. More information can be found at www.newjerseyamwater.com. With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. The company employs 7,100 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 14 million people in 46 states. More information can be found by visiting www.amwater.com.

© Business Wire 2019
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Financials (USD)
Sales 2019 3 622 M
EBIT 2019 1 235 M
Net income 2019 647 M
Debt 2019 9 235 M
Yield 2019 1,61%
P/E ratio 2019 34,1x
P/E ratio 2020 31,3x
EV / Sales2019 8,66x
EV / Sales2020 8,41x
Capitalization 22 114 M
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Susan N. Story President, Chief Executive Officer & Director
Karl F. Kurz Non-Executive Chairman
Walter J. Lynch Chief Operating Officer & Executive Vice President
M. Susan Hardwick Chief Financial Officer & Executive Vice President
Radhakrishnan Swaminathan Chief Technology & Information Officer, SVP