American Water Works Company, Inc. (American Water) is a geographically diverse, publicly-traded water and wastewater utility company in the United States. Company provides drinking water, wastewater and other related services to an estimated 15 million people in 46 states, the District of Columbia and Ontario, Canada. American Water operates primarily through two business lines which include regulated businesses and market-based businesses. Company’s regulated business includes the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sale for resale customers. Its utilities operate in approximately 1,600 communities in 16 states in the United States, with approximately 3.4 million active customer connections to its water and wastewater networks. Market-based business provides a broad range of related and complementary water and wastewater services to military bases, municipalities, gas exploration and production companies, as well as commercial, industrial and residential customers.
For the fiscal year ended December 2017, company’s revenues increased $55 million or 1.7% to $3.4 billion, as compared to the revenues in fiscal 2016. This growth was primarily due to an $87 million increase in its Regulated Businesses principally due to authorized rate increases to fund infrastructure investment growth, as well as acquisitions and organic growth.
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