American Water Works Co Inc

amwater.com

American Water Works Co Inc (NYSE: AWK) is a regulated water and wastewater utility company that provides water and wastewater services to residential, commercial, industrial, and other customers through its Regulated Businesses segment. Revenue comes primarily from rates set by state Public Utility Commissions (PUCs), which allow the company to recover costs and earn a regulated return on invested capital. A secondary segment, Military Services Group (MSG), operates water and wastewater systems on 18 U.S. military installations under 50-year contracts with the U.S. government as part of the Army's Utilities Privatization Program. MSG contracts cover operation, maintenance, and capital asset replacement programs, funded through the contract fee rather than the company's own debt or equity. Operations are subject to extensive federal and state regulation, including the Safe Drinking Water Act, the Clean Water Act, and state-level PUC standards. The company is headquartered in the United States and files annual reports with the SEC.