Investorideas.com newswire, commentary for water sector

Thursday, June 25, 2009

Chemspec (NYSE: CPC) Celebrates IPO on NYSE; Duoyuan Global Water (NYSE: DGW ) Begins NYSE Trading

Chemspec (NYSE: CPC) Celebrates IPO on NYSE; Duoyuan Global Water (NYSE: DGW ) Begins NYSE Trading


NYSE Euronext now lists 70 companies from Greater China with $1 Trillion Total Market Capitalization

NEW YORK June 24--Chemspec International Limited, a leading China-based contract manufacturer of highly engineered specialty chemicals and the largest manufacturer of fluorinated specialty chemicals in China based on sales, today listed on the New York Stock Exchange under the ticker symbol “CPC” after its successful IPO in which it raised $73 million.

Also today, Duoyuan Global Water Inc., a leading Chinese manufacturer of water and wastewater treatment equipment for use in industrial and municipal water systems, began trading on the NYSE under the ticker symbol “DGW” after its successful IPO, in which it raised $88 million.

"With the additions of Chemspec and Duoyuan Global Water to our growing family of listed companies, NYSE Euronext is now privileged to list 70 companies from Greater China," said Ronnie Kent, EVP and Head of International Listings, NYSE Euronext. "We welcome the opportunity to offer Chemspec and Duoyuan Global Water access to the U.S. capital marketplace and the world's largest pool of investors, and to providing our growing list of Chinese companies and their shareholders with the superior services, technology and brand visibility associated with listing on NYSE Euronext markets."

To celebrate today’s special occasion, executives and guests of Chemspec led by Dr. Jianhua Yang, Chairman and CEO, rang the Opening Bell. On Friday June 26, executives and guests of Duoyuan Global Water Inc. led by CEO Wenhua Guo will ring the NYSE Opening Bell to celebrate their IPO.

NYSE Euronext currently lists 70 companies from Greater China with a combined total global market capitalization of approx. $ 1 trillion (May 31, 2009). This includes 12 companies from China on NYSE Amex.

About Chemspec International Limited (NYSE: CPC)

Chemspec is a leading China-based contract manufacturer of highly engineered specialty chemicals and the largest manufacturer of fluorinated specialty chemicals in China based on sales. In manufacturing specialty chemicals, Chemspec also provides process design and process development services, which enable efficient and rapid production of specialty chemicals that are incorporated into the products of Chemspec’s end users. Chemspec’s customers and end users include electronics, pharmaceutical and agrochemical companies.For more information, please visit http://www.chemspec.com.cn

About Duoyuan Global Water (NYSE: DGW )

Duoyuan Global Water manufactures water and wastewater treatment equipment for use in industrial and municipal water systems. Its makes more than 80 different products, including water conditioners, filters, various water purification systems (i.e. ultraviolet, ozone, electrodeionization), grit separators, and others. The company distributes its products throughout China and serves municipalities, as well as power generation, oil, steel manufacturing, and other companies. Duoyuan Global Water was founded in 1992.

About NYSE Euronext (NYX)

NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.


Contact:NYSE EuronextChristiaan Brakman, 212-656-2094cbrakman@nyse.com



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Tuesday, June 23, 2009

Water Stocks Sector Close –Up, Water Stocks in the News: Wescorp Energy Inc. (OTCBB: WSCE), Pentair, Inc. (NYSE: PNR)

Water Stocks Sector Close –Up, Water Stocks in the News: Wescorp Energy Inc. (OTCBB: WSCE), Pentair, Inc. (NYSE: PNR)

POINT ROBERTS, WA and DELTA, BC –June 23, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks June 23, 2009.

Water Stocks in the news, Company Snapshots:

Wescorp Energy Inc. (OTCBB: WSCE ) Receives Order for Second H2Omaxx Water Remediation Unit for Customer in Kansas, USA

Wescorp Energy Inc. (OTC.BB: WSCE), an oil and gas technology solutions provider, is pleased to announce that a 500-barrel-per-day H2Omaxx water remediation unit has been ordered. This unit will be leased for a minimum of one year with a lease rate of approximately $1,000 per day. This is the second unit ordered by this private US oil and gas company with operations in Texas, Kansas and Wyoming. This second order is subject to the terms and conditions of the original master lease agreement signed in August, 2008, allowing the customer to lease up to 256 H2Omaxx units. The new unit is expected to be built and operational by early fall and will be mobilized for operations into Marion County, Kansas.
Full news for WSCE

Global Water Systems Manufacturer Outsources Collaboration Suite Management to Azaleos Pentair Migrates from Lotus Notes to Managed Microsoft Exchange and Blackberry Services

SEATTLE--June 23 2009 --Azaleos® Corporation, the managed messaging and unified communications services company, today announced that it was selected by Pentair, Inc. (NYSE: PNR), the world’s leading manufacturer of systems for the movement, treatment, storage and enjoyment of water, to manage its global e-mail and collaboration infrastructure. Azaleos will help Pentair migrate from Lotus Notes to Microsoft Exchange 2007, and is providing remote management services for more than 8,000 users of its corporate e-mail system, SharePoint Server, Office Communications Server (OCS) and Blackberry devices.

Pentair is a global company that manufactures products which help deliver safe, clean water to people who need it. It also produces products that help protect electrical and electronic equipment and the people who use it. With 14,000 employees worldwide, Pentair generated 2008 sales of $3.35 billion. The company selected Azaleos to help it move from an aging and costly Lotus Notes platform to Microsoft Exchange, and handle day-to-day management of the new e-mail and collaboration system. This allows Pentair’s internal IT resources to focus on supporting the company’s core manufacturing operations.
Full News for PNR

Water Stocks Trading as of June 23 markets:
American Water Works Company, Inc. (NYSE: AWK) trading up at $18.73, up $ 0.13 (0.70%) 11:06am ET
Middlesex Water Company (NasdaqGS: MSEX) trading at $13.62, up $0.05 (0.37%) 10:20am ET
Northwest Pipe (NasdaqGS: NWPX) trading at $33.18, up $ 0.09 (0.27%)
Pentair, Inc. (NYSE: PNR) trading down at $ 24.55, down 0.41 (1.64%) 11:10am ET
Wescorp Energy Inc. (OTCBB: WSCE ) trading at $0.30

Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp

Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/

www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Investing in Water Podcast RSS Feed: http://www.investorideas.com/Podcasts/water.xml

Submit water stock news: click here

Marketplace water opportunities for business and investors:
Sign up here: http://www.investorideas.com/marketplace/signup.asp

About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers:
www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp

For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com

Source: Water-Stocks.com, Investorideas.com

Friday, June 12, 2009

Water Stocks Sector Close –Up, Water Stocks Trading June 12th

Water Stocks Sector Close –Up, Water Stocks Trading June 12th

Water Stocks in the News, American Water Works Company, Inc. (NYSE:AWK), Wescorp Energy Inc. (OTCBB: WSCE)

POINT ROBERTS, WA and DELTA, BC –June 12, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks June 12th.

Water Stocks in the news, Company Snapshots:

American Water Works Company, Inc. (NYSE:AWK), the largest investor-owned U.S. water and wastewater utility company, today announced that President and CEO Donald L. Correll has been elected to serve on the Board of Directors for the U.S. Chamber of Commerce. He will serve for a term of two years. Full News : click here

Wescorp Energy Inc. (OTCBB: WSCE )Technology featured in Media:
Two sales a 'huge step' for city firm's oilfield waste-water system
By Dave Cooper, Edmonton Journal June 10, 2009
An Edmonton firm's waste-water-handling system, tested near Wabamun Lake last fall, has gained a foothold in the oilpatch.
Wescorp Energy has signed leasing deals with both an Alberta oilsands firm and a U.S. oil and gas producer in Kansas.
"This is a huge step for us, and certainly helps us with the Weatherford talks," said Wescorp vice-president Dave LeMoine. Full article: click here

Water Stocks Trading as of June 12th market:
American Water Works Company, Inc. (NYSE: AWK) trading at $18.58 - 0.04 (0.21%) 12:03PM ET
ITT Corporation (NYSE:ITT) trading at $46.27, up $ 0.14 (0.30%) 11:53am ET
Middlesex Water Company (NasdaqGS: MSEX) trading at $14.04, up $ 0.07 (0.50%)
Nalco (NYSE:NLC) trading at $16.40, - 0.49 (2.90%) 11:53am ET
Northwest Pipe (NasdaqGS: NWPX) trading at $38.02- 0.67 (1.73%) 11:50am ET
Pentair, Inc. (NYSE: PNR) trading at$28.08- 0.67 (2.33%) 11:56am ET
Watts Water Technologies, Inc. (NYSE: WTS ) trading up at $21.96, up 0.31 (1.43%) 11:57am ET
Wescorp Energy Inc. (OTCBB: WSCE ) trading at $0.30
PFW Water Fund (PFWAX) trading at 23.05, up 0.35 (1.54%)

Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp

Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/

www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Investing in Water Podcast RSS Feed: http://www.investorideas.com/Podcasts/water.xml

Submit water stock news: click here

Marketplace water opportunities for business and investors:
Sign up here: http://www.investorideas.com/marketplace/signup.asp

About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers:
www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp

For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com

Source: Water-Stocks.com, Investorideas.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
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Monday, June 8, 2009

Middlesex Water Company Wins "Green Education" Honors in 2009 NJBIZ Green Leadership Awards

Middlesex Water Company Wins "Green Education" Honors in 2009 NJBIZ Green Leadership Awards

ISELIN, NJ----Jun 8, 2009 -- Middlesex Water Company (NasdaqGS:MSEX ), a provider of water, wastewater and related services in New Jersey and Delaware, has been selected the winner of a 2009 NJBIZ Green Leadership Award in the category of "Green Education." The NJBIZ Green Leadership Awards honor and highlight New Jersey's businesses and executives for their environmental achievements and initiatives. Middlesex was chosen from a field of six finalists statewide in the category and received the award at a ceremony on June 2, 2009.

Related Quotes
Symbol Price Change
MSEX 13.99 -0.05


{"s" : "msex","k" : "c10,l10,p20,t10","o" : "","j" : ""} "As a provider of vital water services to more than 300,000 Central New Jersey residents, wise water education is an important component of our outreach efforts. We are delighted to be honored for the work our employees do in educating the public about the need to protect and preserve our water resources for the present, and for future generations," said Dennis W. Doll, President of Middlesex Water.

Green Finalists and winners were announced in the categories of Alternative Energy Use, Energy Conservation, Environmental Innovation, Green Building, Green Education, Pollution Prevention, Recycle/Reuse and Green Executive of the Year. Forty-seven companies were named as finalists vying for Green Leadership honors.

Middlesex Water was recognized by an independent panel of judges for its work in raising awareness about environmental issues to employees, customers and the public. These efforts include Project WET (Water Education for Teachers) workshops, student contests, classroom presentations in the local schools, customer education and the company's role as an EPA WaterSense® Partner. The Green Leadership Awards is a program sponsored by NJBIZ, New Jersey's leading business news publication.

Middlesex Water Company, organized in 1897, provides regulated and unregulated water and wastewater utility services in New Jersey and Delaware through various subsidiary companies. For additional information regarding Middlesex Water Company, visit the Company's web site at www.middlesexwater.com or call (732) 634-1500.

Contact:
Contact:
Bernadette Sohler
Vice President - Corporate Affairs
Middlesex Water Company
1500 Ronson Road
Iselin, New Jersey 08830
http://www.middlesexwater.com
(732) 638-7549







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Thursday, June 4, 2009

Wescorp Energy Leases H2Omaxx Water Remediation Unit to Western Canadian Oil Sands Inc

Wescorp Energy Leases H2Omaxx Water Remediation Unit to Western Canadian Oil Sands Inc.


HOUSTON, TEXAS and CALGARY, ALBERTA -- Jun 4, 2009 -- Wescorp Energy Inc. (OTC BB: WSCE.OB), an oil and gas technology solutions provider, is pleased to announce that Western Canadian Oil Sands Inc., (WCOS), has leased a 2,000 barrel per day H2Omaxx water remediation unit to meet its Environmental Water Regulatory Requirements, for its oil sands operations in the Athabasca Oilsands in Northern Alberta, Canada. H2Omaxx is a commercially proven, safe, effective and economical process for cleaning and separating oil and solids from produced water using patented technology.


Test results on the H2Omaxx unit have been shown to reduce the oil content in produced water to less than 0.001% or 10 parts per million, thereby allowing oil and gas operators to reduce, reuse, and recycle water. Wescorp will commence construction of the H2Omaxx unit during the fourth quarter and deploy it into the field upon completion. The initial term of the lease is for one year.

Western Canadian Oil Sands is a well financed Canadian Company, focused on exploring and developing proven oil sands in Alberta, Canada by acquiring low-risk, high impact properties. Its current land portfolio includes 5 strategic land positions, including 17 sections covering 10,880 acres in the Western Canadian Sedimentary Basin.

"We are very pleased to have the opportunity to use Wescorp's H2Omaxx water remediation technology in our oil-sands operations," commented Errin Kimball, President and CEO of Western Canadian Oil Sands. "The use of water is one of the critical issues that oil-sand operators are facing today. The H2Omaxx technology provides us with a solution that provides benefits to our company both in terms of lowering our exploration cost and lessening the impact to the environment."

"We are honored to have Western Canadian Oil Sands choose our water remediation technology as its first choice solution for its oil sand operations," commented Doug Biles, President and CEO of Wescorp Energy. "Based on 51-101 Technical Reports completed in late 2008, WCOS estimated its P50 reserves to be 409.4 million barrels of bitumen. WCOS is an aggressive and fast-moving company and Wescorp is looking forward to providing additional H2Omaxx units as its operations grow."

Western Canadian Oil Sands has agreed to allow heavy-oil operators to visit the site and view its operations. It also has agreed to share its internal data which Wescorp is confident will demonstrate that with the use of the H2Omaxx units, oil sand productivity is enhanced, production costs are significantly reduced, and vast amounts of water are being remediated, reused and recycled.

About Wescorp

Wescorp Energy Inc. (www.wescorpenergy.com) is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.

Wescorp shares currently trade on the NASD.OTC Bulletin Board under the symbol "WSCE".

Safe Harbor Statement

Any statements contained herein that are not historical facts are forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.

Contact:
Wescorp Energy Inc.
Mark Komonoski
(403) 255-8483 or Toll Free: 1-877-255-8483
Mobile: (403) 470-8384
Email: mailto:mk.tem@shaw.ca
Website: http://www.wescorpenergy.com

Source: Wescorp Energy Inc.

Wescorp Energy Inc (OTCBB:WSCE) is a featured Company on Investorideas.com, Water-stocks.com, Environmentstocks.com and Oilandgasstocknews.com
For more info on WSCE visit the Company Showcase: Click Here

Disclaimer and Disclosure: /About/Disclaimer.asp

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Wednesday, June 3, 2009

Northwest Pipe (NASDAQ: NWPX) Company Announces $14 Million in Projects


Northwest Pipe (NASDAQ: NWPX) Company Announces $14 Million in Projects


VANCOUVER, WA- June 3, 2009 - Northwest Pipe Company (NASDAQ: NWPX) is pleased to announce that we have been selected as the pipe supplier for two major water pipeline projects. These two projects have a total contract value of $14 million.

The first contract is with Ames Construction of West Valley City, UT. Northwest Pipe will supply approximately 10,000 feet of 96" pipe for the Utah Lake/Spanish Fork Reach 3 project. The pipe will be manufactured at the Adelanto, CA facility with delivery scheduled to begin late in the third quarter of this year.

The second contract is with SJ Louis Construction of Mansfield, TX. Northwest Pipe will supply approximately 20,000 feet of 60" pipe for the Utah Lake/South Fork to Provo Canal/Mapleton Reach project. The pipe will be manufactured at the Saginaw, TX facility with delivery to begin early in the third quarter.
Both of these projects are part of the Central Utah Project Completion Act (CUPCA) enacted in 1992. It removed responsibility for completing the Central Utah Project (CUP), a federal water project, from the US Bureau of Reclamation. CUPCA then distributed responsibility for the project to the local water district -- the Utah Water Conservancy District. CUP is the largest water resources development program ever undertaken in the State. Water developed by the Central Utah Project will be used for municipal, industrial, irrigation, hydroelectric power, fish, wildlife, conservation and recreation. The project will improve flood control capability and assist in water quality control. These orders are for a continuation of a pipeline from the Strawberry Reservoir to the Provo Canal.
Northwest Pipe Company manufactures welded steel pipe and other products in two business groups. Its Water Transmission Group is the leading supplier of large diameter, high-pressure steel pipe products that are used primarily for water infrastructure in North America. Its Tubular Products Group manufactures smaller diameter steel pipe for a wide range of applications including construction, agricultural, energy, traffic and other commercial and industrial uses. The Company is headquartered in Vancouver, Washington and has ten manufacturing facilities across the United States and Mexico.
This release contains forward-looking statements, including statements regarding the project described above. These statements reflect management's current information about the project mentioned above and management's current views and estimates of market circumstances, industry conditions and Company performance. Actual results could vary materially from the description contained herein due to many factors including market demand, operating efficiencies, availability and price of raw materials, and other risks described from time to time in the Company's reports to the Securities and Exchange Commission.





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Monday, June 1, 2009

American Water Announces Common Stock Offering

American Water Announces Common Stock Offering

VOORHEES, N.J.--June 1 2009 - American Water (NYSE:AWK) today announced an offering of 26 million shares of its common stock. Pursuant to the offering, American Water will sell 14.5 million shares of common stock, and 11.5 million of the shares will be sold by the selling stockholder, a subsidiary of RWE AG. American Water plans to use the proceeds from the sale to reduce its short-term debt.

The selling stockholder has granted the underwriters a 30-day option to purchase up to 3.9 million additional shares. After the offering, and assuming no exercise of the underwriters’ option, the selling stockholder is expected to own approximately 49 percent of American Water’s shares.

Merrill Lynch & Co., Citi and Goldman, Sachs & Co. are acting as joint book-running managers in connection with the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

An effective registration statement relating to these securities is on file with the U.S. Securities and Exchange Commission. A copy of the final prospectus and prospectus supplement may be obtained when they are available by contacting any of the following:

Merrill Lynch & Co., Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080, telephone +1 212 449 1000. Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone +1 718 765 6732. Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY 10004, facsimile +1 212 902 9316, e-mail prospectus-ny@ny.email.gs.com. You may also obtain the final prospectus and prospectus supplement when they are available on the Securities and Exchange Commission's website at http://www.sec.gov.

About American Water

Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada.

Contacts American WaterMaureen DuffyT: 856-309-4546maureen.duffy@amwater.com






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