American Water hikes Capex to $15 billion

By Editor


American Water, the largest water and wastewater utility company in United States, said it increased the 2023-2027 capital investment plan to $14-$15 billion and $30-$34 billion for the 10-year period of 2023-2032.

American Water said it is on track to meet its capital investment plan for the year with investments of $1.9 billion in the first nine months of 2022, including $1.6 billion for infrastructure improvements and replacements in the Regulated Businesses. The company plans to invest a total of approximately $2.5 billion across its footprint in 2022.

American Water added 79,300 customer connections in the first nine months of 2022 through closed acquisitions and organic growth.

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