American Water and Essential Utilities Proposed Merger Progresses with Approval from the Virginia State Corporation Commission

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CAMDEN, N.J. and BRYN MAWR, Pa., June 22, 2026 /PRNewswire/ -- American Water Works Company, Inc. (NYSE: AWK) ("American Water") and Essential Utilities, Inc. (NYSE: WTRG) ("Essential Utilities") today announced that the Virginia State Corporation Commission issued an order approving the companies' proposed merger, marking the third favorable regulatory action toward completing the combination of the two companies and first regulatory approval in a state where both companies have regulated water and wastewater operations. The companies received approval of the merger from the Kentucky Public Service Commission on April 21, 2026, and from the Public Utilities Commission of Ohio on May 13, 2026. Earlier in the year, shareholders of both companies overwhelmingly approved the transaction. The all-stock merger, announced October 27, 2025, will create a combined company serving more than 4.7 million water and wastewater customer connections and more than 740,000 gas customer connections. The combined company will operate under the American Water name and be headquartered in Camden, New Jersey. The merger is expected to close by the end of the first quarter of 2027, but remains subject to customary closing conditions, including, among others, obtaining clearance under the Hart-Scott-Rodino Act and required regulatory approvals, including approval from the remaining applicable public utility commissions. For additional details regarding the transaction, please visit americanwateressentialutilitiesmerger.com. About American WaterAmerican Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram. About Essential UtilitiesEssential Utilities, Inc. (NYSE: WTRG) de...

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