Indiana American Water Invests More Than $57 Million in Distribution System Improvements During 2016
March 16 2017 - 1:54PM
Business Wire
Indiana American Water, a subsidiary of American Water
(NYSE:AWK) today announced that it has replaced nearly 41 miles of
aging water mains and rehabilitated 10 water tanks in its service
areas in 2016. This investment of more than $57 million last year
in approximately 260 separate projects across Indiana will improve
the reliability and quality of water service to customers while
also enhancing fire protection capabilities.
“This investment in our water systems replaces aging pipe and
rehabilitates water storage tanks that, in many cases, had outlived
their usefulness or were in need of significant investment,
ensuring that our customers continue to receive quality, reliable
water service for many years to come,” said Indiana American Water
President Deborah Dewey. “Indiana American Water is committed to
investing in its systems and a portion of every bill is dedicated
to replacing or rehabilitating aging infrastructure. In the last
two years alone, we have proactively invested more than $140
million in our water and wastewater infrastructure.”
Nationally, much of this critical water infrastructure system is
more than a century old, and is well past its useful life. The
American Society of Civil Engineers’ (ASCE) latest Report Card for
America’s Infrastructure, issued every four years since 2001,
earlier this month gave the nation’s water systems a D grade, and
wastewater systems a D+ grade. This remains in line with the last
few reports, and heightens the sense of urgency to take actions
that will turn around the condition of the nation’s water and
wastewater infrastructure.
“While much work needs to be done to raise the grade of the
nation’s deteriorating water infrastructure, we are committed to
addressing the challenge in our state and across the country,” said
Dewey. “American Water has taken a leadership position in replacing
or rehabilitating infrastructure that no longer meets the needs of
the communities it serves. Last year alone, American Water invested
approximately 1.5 billion dollars in water and wastewater
infrastructure across the country, including nearly $49 million to
replace or relocate water mains and more than $8 million to
rehabilitate 10 large storage tanks in communities served by
Indiana American Water across the state.”
A breakdown of water systems can result in water disruptions,
impediments to emergency response, and damage to other types of
infrastructure. The price tag for the critical upkeep and
replacement of the nation’s outdated water systems is at least $1
trillion over the next 25 years, according to estimates by the
American Water Works Association.
A study completed late last year by the Indiana Finance
Authority echoed the ASCE’s recommendations for significant
investment in water infrastructure. The report evaluated Indiana’s
water infrastructure and estimated more than $2.3 billion in
infrastructure needs for drinking water systems across the state,
and found that an additional $815 million is needed annually to
maintain this infrastructure into the future.
About Indiana American
Water
Indiana American Water, a subsidiary of American Water (NYSE:
AWK), is the largest investor-owned water utility in the state,
providing high-quality and reliable water and/or wastewater
services to approximately 1.3 million people. With a history dating
back to 1886, American Water is the largest and most geographically
diverse U.S. publicly-traded water and wastewater utility company.
The company employs more than 6,700 dedicated professionals who
provide regulated and market-based drinking water, wastewater and
other related services to an estimated 15 million people in 47
states and Ontario, Canada. More information can be found by
visiting www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170316006106/en/
Indiana American WaterJoe LoughmillerOffice
317-885-2434Cell 317-903-7431joe.loughmiller@amwater.com
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