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American Water Works Co Inc (AWK) Q1 2021 Earnings Call Transcript

American Water Works Co Inc (AWK) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. American Water Works Co Inc (NYSE: AWK) Popular Searches Operator Good morning, and welcome to American Water s First Quarter 2021 Earnings Conference Call. As a reminder, this call is being recorded and is also being webcast with an accompanying slide presentation through the company s Investor Relations website. Following the earnings conference call, an audio archive of the call will be available through May 11, 2021. U.S. callers may access the audio archive toll-free by dialing one (877) 344-7529. International callers may listen by dialing one (412) 317-0088. The access code for the replay is 10155150. The audio webcast archive will be available for one year on American Water s Investor Relations website at ir.amwater.com/events.

Delaware County eyes tax decrease as budget numbers firm up

Delaware County may be headed for a tax decrease next year but at this point, it s too uncertain for county council to tell as the revenues and expenditures aren t clear. Last week, county Executive Director Howard Lazarus gave a budget presentation focusing on the county s fiscal situation through the end of March. The county budget cycle runs from January through December. This is the first time a budget presentation was offered in the spring; usually, a presentation is given in December prior to the adoption of the following year s budget. The presentation is available on the county website at www.delcopa.gov/council/calendar.html.

Greenhouse gas initiative debate continues

It has been just over a year since Andrew G. Place made his final remarks as a member of the Pennsylvania Public Utility Commission, completing a five-year term. His seat on the five-member panel has been vacant ever since — and may remain that way as long as Gov. Tom Wolf continues his bid to bring the Keystone State into the Northeast Regional Greenhouse Gas Initiative, effective at the end of this year. RGGI is a compact in which participating states would impose a carbon fee on electricity production and require fossil fuel generation to purchase allowances. Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont and Virginia have agreed to cap and reduce power sector carbon dioxide emissions.

Sunoco failed to disclose some risks of Mariner East pipeline, was negligent in response to concerns, judge rules | PA Power and Policy

. HARRISBURG — In 2018, the superintendent of a Chester County school district wrote to Gov. Tom Wolf, beseeching him to conduct a risk analysis of a pipeline system called Mariner East, running volatile, natural gas liquids roughly 500 feet from some of her schools. The district, she said, did not know how to safely evacuate its 3,400 students should an accident occur. This month, almost three years later to the date, a judge in a case brought by residents of Chester and Delaware Counties found Sunoco, which operates the pipeline system, had failed to properly disclose all of the risks posed by a potential leak or rupture, and was “intentional” and “negligent” in refusing to meet with local emergency officials in need of more information.

Sunoco failed to disclose some Mariner East pipeline risks, was negligent, judge rules

WHYY By Rebecca Moss, Spotlight PAApril 26, 2021 The ruling was far from a total victory for residents and local officials who had, among other things, sought additional measures to protect children, older people, and those with disabilities. (Michael Bryant/Philadelphia Inquirer) This story originally appeared on Spotlight PA. Spotlight PA is an independent, non-partisan newsroom powered by The Philadelphia Inquirer in partnership with PennLive/The Patriot-News, TribLIVE/Pittsburgh Tribune-Review, and WITF Public Media. Sign up for our free newsletters. In 2018, the superintendent of a Chester County school district wrote to Gov. Tom Wolf, beseeching him to conduct a risk analysis of a pipeline system called Mariner East, running volatile, natural gas liquids roughly 500 feet from some of her schools. The district, she said, did not know how to safely evacuate its 3,400 students should an accident occur.

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