American Water Company Description
Water, water, everywhere -- and American Water Works wants to own it. The company, once a subsidiary of German utility giant RWE, is by far the largest public water utility in the US. Through its regulated utilities and its contract services division, American Water Works serves about 15 million consumers in 32 US states, plus Ontario. The company also provides wastewater treatment in some of its service areas. Its regulated operations account for nearly 90% of sales. Nonregulated subsidiary American Water Works Service provides contract management services for water and wastewater systems. In 2008 RWE spun off American Water Works, but retained a majority stake, which has since been reduced to about 25%.
View the Comprehensive Company Description for American Water
The Company Description provides a historical perspective of American Water's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of American Water's evolution in the marketplace.
