AWK - American Water Aims to Expand Its Regulated Business Into Florida
American Water Works (NYSE: AWK) confirmed on Friday that it has bid on the regulated water and wastewater systems owned by JEA, the Jacksonville, Florida-owned utility that provides electric, water, and wastewater services to portions of four counties in the northeast part of the Sunshine State.
"Jacksonville is a unique and special community, and JEA has an incredible history of customer service and community development," American Water spokesperson Herbie Thiele was quoted by the Florida Times-Union as saying. "We look forward to the opportunity to contribute our expertise in water and wastewater, which will benefit JEA's customers, employees and the communities it serves."
Here's what investors in the country's largest publicly traded water and wastewater utility company should know.