American Water Works Company announced today that it and the trustees of its Employees Stock Ownership Plan and Savings Plan for Employees will make open market purchases of up to 500,000 shares of the Company's common stock. Purchases will be made during the coming year at prevailing market prices to satisfy the obligations under those plans.
American Water Works Company is the largest and most geographically diverse investor-owned water utility business in the U.S. The Company's utility subsidiaries and affiliates now serve approximately 10 million people in 23 states.
This release may contain certain forward looking statements involving known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. These factors include, among others, the following: general economic and business conditions; competition; success of operating initiatives, advertising and promotional efforts; existence of adverse publicity or litigation; changes in business strategy or plans; quality of management; business ability and judgement of personnel; availability, terms and development of capital; and changes in, or the failure to comply with governmental regulations.
