American Water Works Company to Purchase Anglian Water Plc's Interest in AmericanAnglian Environmental Technologies, L.P.

American Water Works Company, Inc., the largest investor-owned water utility in the United States, has agreed to the purchase of Anglian Water's interest in AmericanAnglian. American Water Services will build on American Water's current relationships with over 900 communities and 10 million people in 23 states, providing additional services to current customers, as well as seeking new opportunities to manage and operate utilities. American Water Services, Inc., the new company, will concentration primarily on the water and wastewater market's growing contract operations segment. Overseeing the new entity will be Jorge Carrasco, who joined American Water in 1996 and recently served as president of American International Water Services. A wholly owned subsidiary of American Water Works, American Water Services is the country's seventh largest contract operations firm, operating and managing 175 water and wastewater facilities in seven states. Key services include full contract operations, management of water and wastewater utility systems, long-term leasing, and commercial services. Additionally, American Water Services will provide support to industries and communities when outsourcing the design, construction, financing/ownership, and operation of key water and wastewater facilities, or in the sale of their utility system. SOURCE: Business Wire