In Brief - America
- From: Vol 9, Issue 8 (August 2008)
- Category: Brief
- Region: Americas
- Country: United States
- Related Companies: American Water, Aqua America and Connecticut Water
* American Water and Aqua America, the two largest quoted US water utilities, revealed their second quarter results in early August.
While both companies posted YOY revenue gains for the quarter (albeit by a slim USD200,000 in Aqua’s case), net income was down at both companies, driven primarily by higher O&M expenses. Aqua CEO Nick DeBenedictis blamed the flat revenues on decreased consumption resulting from unfavourable weather conditions, but pointed to positive rate case developments as indicative of ...
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