The company plans to invest approximately $3.1 billion in these growth strategies in 2024. During the first three months of 2024, the Company invested $720 million, primarily in the Regulated Businesses.

The Company's Illinois subsidiary completed the acquisition of a wastewater treatment plant and related assets from Granite City for $86 million, adding approximately 26,000 wastewater customers.

On February 22, 2024, the PaPUC denied the Pennsylvania subsidiary's application to acquire Brentwood. On April 3, 2024, the Pennsylvania subsidiary filed an appeal of the decision with the Pennsylvania Commonwealth Court.

The company has successfully implemented new rates in West Virginia and Indiana following regulatory approvals, contributing to increased operating revenues.

Management is actively engaged in various legal challenges, including class action lawsuits and regulatory proceedings, demonstrating a proactive approach to risk management and compliance.

The Company continues to invest in infrastructure upgrades and replacements, as evidenced by the $634 million capital investment in the Regulated Businesses.

The EPA announced a final National Primary Drinking Water Regulation for PFAS, which will require the Company to invest approximately $1 billion of capital expenditures and incur annual operating expenses of up to $50 million.

The Company is routinely involved in legal actions incident to the normal conduct of its business. As of March 31, 2024, the Company has accrued approximately $6 million of probable loss contingencies.

Cal Am's ability to move forward on the Water Supply Project is subject to administrative review by the CPUC and other government agencies, obtaining necessary permits, and intervention from other parties.

American Water is the largest and most geographically diverse, publicly traded water and wastewater utility company in the United States, as measured by both operating revenues and population served.

The Company continues to expand its services through regulated acquisitions, as evidenced by the acquisition of a wastewater treatment plant from Granite City.

The water system assets of Cal Am located in Monterey, California are the subject of a condemnation action by the MPWMD stemming from a November 2018 public ballot initiative.

Operation and maintenance expense increased $21 million, primarily due to increased production costs from higher purchased water usage and increased fuel, power and chemicals costs.

The Company is implementing measures to improve operational efficiency, as evidenced by the $634 million capital investment in the Regulated Businesses for infrastructure improvements and replacements.

The Company faces challenges related to water main breaks and outages, as evidenced by the Dunbar, West Virginia Water Main Break Class Action Litigation and the Chattanooga, Tennessee Water Main Break Class Action Litigation.

The Company is investing in technology and other strategic initiatives, as evidenced by the $634 million capital investment in the Regulated Businesses for infrastructure improvements and replacements.

The Company faces challenges related to compliance with evolving environmental requirements, such as emerging federal regulations for lead and PFAS substances.

The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in its reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms.

The company plans to invest approximately $3.1 billion in these growth strategies in 2024. During the first three months of 2024, the Company invested $720 million, primarily in the Regulated Businesses.

AWCC completed a $1.4 billion debt offering, which included the sale of $700 million aggregate principal amount of its 5.150% senior notes due 2034 and $700 million aggregate principal amount of its 5.450% senior notes due 2054.

The Company did not repurchase shares of common stock during the three months ended March 31, 2024. From April 1, 2015, the date repurchases under the anti-dilutive stock repurchase program commenced, through March 31, 2024, the Company repurchased an aggregate of 4,860,000 shares of common stock under the program.

The EPA announced a final National Primary Drinking Water Regulation for PFAS, which will require the Company to invest approximately $1 billion of capital expenditures and incur annual operating expenses of up to $50 million.

The Company supports sound policies and compliance with the NPDWR by all water utilities, while protecting customers and communities from the costly burden of monitoring and mitigating PFAS contamination in water systems.

American Water is evaluating the final rule and is actively advocating for and supporting bipartisan legislation that would provide PFAS liability protections under CERCLA for water and wastewater systems.

Services provided by the Company's utilities are subject to regulation by multiple state utility commissions or other entities engaged in utility regulation.

The water system assets of Cal Am located in Monterey, California are the subject of a condemnation action by the MPWMD stemming from a November 2018 public ballot initiative.

New Jersey passed Assembly Bill 4791, establishing the “Resiliency and Environmental System Investment Charge Program.