AI English summary of an SEC filing — figures as filed
American Water Works AWKAmerican Water Works said its subsidiary Illinois-American Water Company completed the acquisition of a wastewater treatment plant and related assets from Granite City on March 11, 2024 for an aggregate purchase price of $86 million.
Key points
AI summaryAmerican Water Works said its subsidiary Illinois-American Water Company completed the acquisition of a wastewater treatment plant and related assets from Granite City on March 11, 2024 for an aggregate purchase price of $86 million.
The company said the Granite City wastewater treatment plant serves approximately 26,000 customers, including 15,500 customers in surrounding communities indirectly.
The company said the acquisition was made under an Asset Purchase Agreement dated April 6, 2023, as amended September 28, 2023, and that the Illinois Commerce Commission approved the sale on January 31, 2024.
Citing the Granite City mayor's remarks in a press release, the company said Illinois American Water plans capital investments of about $40 million at the plant over the first 5 years of ownership.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Granite City Wastewater Treatment Plant Acquisition Completed
American Water Works said its subsidiary Illinois-American Water Company completed the acquisition of a wastewater treatment plant and related assets from Granite City on March 11, 2024 for an aggregate purchase price of $86 million.
Source · Based on the filing body and exhibits
Service Scale of Acquired Facility
The company said the Granite City wastewater treatment plant serves approximately 26,000 customers, including 15,500 customers in surrounding communities indirectly.
Source · Based on the filing body and exhibits
Approval Process and Agreement Timeline
The company said the acquisition was made under an Asset Purchase Agreement dated April 6, 2023, as amended September 28, 2023, and that the Illinois Commerce Commission approved the sale on January 31, 2024.
Source · Based on the filing body and exhibits
Post-Acquisition Capital Investment Plan
Citing the Granite City mayor's remarks in a press release, the company said Illinois American Water plans capital investments of about $40 million at the plant over the first 5 years of ownership.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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