American Water (company)
American Water is a public utility company operating in the United States and Canada. It was founded in 1886 as the American Water Works & Guarantee Company. In 1947 it was reorganized as American Water Works Company, Inc. The company was a subsidiary of the German-based RWE Group from 2001 to 2008, but the company was divested on April 23, 2008 in an IPO on the NYSE.
Most of American Water's services are locally-managed utility subsidiaries that are somewhat regulated by the U.S. state in which each operates. American Water also owns subsidiaries that manage municipal drinking water and wastewater systems under contract and others that supply businesses and residential communities with water management products and services.
- General sources