Story perspectives

$40 Billion Merger Creates Water Utility Giant

10/27/2025

49 9

Summary

Story summary

American Water Works and Essential Utilities announced a $40 billion all-stock merger on October 27, 2025.
Combined company will be Camden-headquartered and serve 19.5 million customers across 17 states and 18 military installations.
American Water Works John Griffith will lead the company, while Essential Utilities' Christopher Franklin will serve as executive vice chair.
The merger is expected to close by Q1 2027 and maintain a rate base of $29.3 billion.

1 of 1

Story summary

American Water Works and Essential Utilities announced a $40 billion all-stock merger on October 27, 2025.
Combined company will be Camden-headquartered and serve 19.5 million customers across 17 states and 18 military installations.
American Water Works John Griffith will lead the company, while Essential Utilities' Christopher Franklin will serve as executive vice chair.
The merger is expected to close by Q1 2027 and maintain a rate base of $29.3 billion.