VOORHEES, N.J.--(BUSINESS WIRE)--American Water Works Company, Inc. (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, announced its senior vice president and chief financial officer, Susan Story, took part in a discussion today regarding the nation’s water infrastructure with the White House Council on Environmental Quality and Environmental Protection Agency.
The discussion, which included water professionals from across the country, centered on “Financing the Water Infrastructure of the Future.”
“For too long, our country’s vast water and wastewater systems have been left out of the national infrastructure dialogue,” said Susan Story. “American Water joins others in our industry in applauding the Administration’s efforts to bring both the public and private sectors together so that we can better address this critical need.”
Story discussed the need for increased awareness of water infrastructure and greater access to private capital. New financial tools are needed to help water providers nationwide repair and replace aging water and wastewater networks with modern, efficient, and sustainable infrastructure. As the nation’s water and wastewater infrastructure is in critical need of repair, it has become increasingly important for water utilities to gain access to private funds for financing upgrades to their pipes, pumps and plants.
“Through innovation and by embracing the powerful combination of public service and private enterprise, we can build the water infrastructure our communities need to thrive and to be healthy,” said Story. “We need to focus on smart solutions that are resilient, sustainable, and affordable.”
American Water’s president and chief executive officer Jeff Sterba also presented financial solutions in March to the U.S. House of Representatives Appropriations Subcommittee on Interior, Environment and Related Agencies.
Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 6,700 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 14 million people in more than 30 states, as well as parts of Canada. More information can be found by visiting www.amwater.com.
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