American Water Works Co. may be among the companies that most benefit from regulatory and industry changes after the chemical spill on West Virginia’s Elk River, according to Brean Capital analyst Michael Gaugler.
Brandon Freiman was sizing up water investments for KKR & Co.’s $4.6 billion infrastructure fund in 2011 when he came across a debt-burdened New Jersey city that Tony Soprano skirts by to open the Time Warner Inc. HBO series.
Xylem Inc., the water company whose pumps helped clean tunnels in New York flooded by Hurricane Sandy, surged the most since being spun off from ITT Corp. two years ago after raising annual earnings and sales forecasts.
American Water Works Co., the largest publicly traded water company in the U.S., sees its growth being spurred by expanding wastewater services as systems age and municipalities juggle competing demands for funds.
The U.S. Bureau of Reclamation, which manages water in 17 Western states, announced its first- ever water-release reduction from Lake Powell to Lake Mead, citing the worst 14-year drought period in 100 years.
As black bunting adorned the Massachusetts Institute of Technology police station for slain officer Sean Collier, neighbors gathered in the Boston suburb of Somerville, bringing water, food and well wishes for his roommates and officers who stood guard in front of his house.