Investment
Features
FeesSafety
Academy
More
Pluang+

California American Water gets $864,500 EPA grant to upgrade wildfire-prone water facilities

Market News
15 Oct 2026
PRNewsWire
View Source
Bullish
California American Water gets $864,500 EPA grant to upgrade wildfire-prone water facilities

California American Water received an $864,500 grant from the U.S. Environmental Protection Agency to fund wildfire resilience upgrades at two critical water facilities in Monterey County. The project, covering 84% of the $1.03 million cost, will enhance the Carmel Valley Clearwell Tank and San Carlos Booster Pump Station by fire-hardening structures, clearing vegetation, installing fire-resistant roofs, and adding emergency generators. These improvements aim to maintain water service and firefighting capacity during wildfire threats, benefiting 92,450 residents while minimizing local costs. This federal support accelerates essential infrastructure upgrades to protect public health and emergency response amid increasing wildfire risks.

American Water Works Company Inc (AWK) shares rose 1.90% to USD 134.21 as of Oct 16, 2026 01:21 WIB on Pluang. The stock trades near its 52-week low of USD 121.13, with a market cap of $26.17 billion. Despite the recent federal grant news, Pluang order activity shows 100% sell interest, reflecting cautious investor sentiment.

More News (AWK)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App