American Water Sees Expansion Driven by Wastewater
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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.
“You’ll see more of our growth, probably an acceleration of it, being driven by wastewater,” Chief Executive Officer Jeffry Sterba said in a phone interview yesterday. He’s also in talks to treat the resulting waste from the vast volumes of water required by shale explorers for hydraulic fracturing.