American Water

Company Description

American Water Works Company, Inc. provides water and wastewater services to residential, commercial, industrial, public, and other customers in the United States and Canada. As of December 31, 2010, the company served approximately 15 million people with drinking water, wastewater, and other water-related services in approximately 30 states and 2 Canadian provinces. American Water Works Company also enters into public/private partnerships, including operation and maintenance contracts; and design, build, and operate contracts for the provision of services to water and wastewater facilities for municipalities and the United States military. In addition, it enters into contracts to operate and maintain water and wastewater facilities for the United States military, municipalities, the food and beverage industry, and other customers; and provides services to domestic homeowners to protect against the cost of repairing broken or leaking pipes inside and outside their homes. Further, the company provides biosolids management, transport, and disposal services to municipal and industrial customers. Additionally, it offers granular carbon technologies and products for cleansing water and wastewater, wastewater residuals management services, and water and wastewater facility engineering services. The company was founded in 1886 and is based in Voorhees, New Jersey.

CEO: Jeffry Sterba; Revenues: $2.75 Billion (2010); Employees: 7,600 (2011)

Statement on Climate Change
"With the right policies, clean and affordable energy can fuel the US economy in this century. Companies and states cannot achieve this balance alone. We need a federal mandate for addressing climate change that will create national and international markets, a price for carbon, and incentives for low cost and clean technologies." ~Jeffry Sterba, CEO
 
Climate Change Target
American Water seeks to lower its GHG emissions per volume of water it produces by 16 percent from 2007 levels by the year 2017. To accomplish this goal, it plans to invest significant capital in increasing pump efficiencies, purchasing cleaner generated energy sources, reducing its fleet and increasing the use of onsite solar and other alternative energy producing methods.