SAN FRANCISCO, CA--(Marketwired - July 12, 2016) - American Water Works Company, Inc. (
Adviser Access spoke to CFO Linda Sullivan about the company's growth plan.
Advisor Access: Can you give us a brief overview of American Water?
Linda Sullivan: American Water is a unique company for three reasons. First… we are in a unique position to consolidate the highly fragmented U.S. water market and to make needed critical infrastructure investments. Second, we have some of the most talented and experienced employees in the water industry. Third, we have a history of strong earnings and dividend growth. Executing on our long-term plan will position American Water to continue leading the industry in earnings per share growth.
Our market capitalization is currently greater than $13 billion. In 2015, we recorded $3.2 billion in operating revenue, about 86% of which was from our regulated utility business and 14% from our market-based businesses.
AA: What are some of the key challenges that the water industry faces today?
LS: The two key challenges facing the water industry are: 1) water supply and 2) the critical need to upgrade and replace the nation's aging water and wastewater infrastructure. Let me start with water supply…
Read the full interview with American Water CFO Linda Sullivan HERE.
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American Water Works has paid Advisor Access a fee of $7,500 to distribute this email. Linda Sullivan had final approval of the content and is wholly responsible for the validity of the statements and opinions.