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Pennsylvania awards $42.65M in low-interest loans and grants for water infrastructure upgrades.

Market News
22 Oct 2026
PRNewsWire
View Source
Bullish
Pennsylvania awards $42.65M in low-interest loans and grants for water infrastructure upgrades.

Pennsylvania American Water received $42.65 million in grants and low-interest loans from PENNVEST to improve water and wastewater infrastructure in Lackawanna and Montgomery counties. Projects include replacing lead service lines in Norristown and building storage facilities in Scranton to reduce sewer overflows, enhancing water quality and public health. The funding, with 1% interest loans over 20 years, supports environmental goals and regulatory compliance. This investment continues Pennsylvania's commitment to modernizing water systems and protecting clean water access for residents.

Pennsylvania American Water's recent PENNVEST funding for infrastructure projects provides context for utilities sector performance on Pluang. For readers following utilities, here is Pluang's market snapshot as of Oct 23, 2026 02:31 WIB: of 40 priced US utilities stocks, 31 rose and 9 fell today. Notable movers include EXC at USD 44.77 (+4.00%), HTO at USD 58.31 (+3.79%) with 100% sell order activity, and ATO at USD 173.04 (+3.65%) with balanced buy/sell orders.

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