Water Utilities(IN00306.US)

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Sabesp Moves to Acquire 90% Stake in Mirassol Water Concessionaire Sanessol

Sabesp has signed a share purchase agreement to acquire a 90% stake in Sanessol S.A., the water and sewage concessionaire in Mirassol, São Paulo. The deal, subject to antitrust approval, aims to enhance Sabesp's presence in the Brazilian water sector. Analysts rate Sabesp's stock (SBS) as a Buy with a target price of $25.00, citing strong financial performance despite recent revenue growth concerns. Sabesp is a major player in Brazil's sanitation market, managing extensive concessions across various municipalities.

Tip Ranks·
US
SBS
+0.42%
Tip Ranks·
US
SBS
+0.42%

Pennsylvania American Water advises customers to protect pipes during sub-zero weather; offers tips.

Pennsylvania American Water advises customers to protect their pipes during the ongoing sub-zero temperatures in Pennsylvania. To prevent issues such as frozen and burst pipes, residents are encouraged to follow essential guidelines, including insulating pipes, maintaining a consistent indoor temperature, allowing faucets to drip, and sealing gaps that may let in cold air. By taking these precautions, homeowners can safeguard their plumbing systems during extreme cold weather conditions.

Unusual Whales·
US
AWK
-2.65%
US
FIW
-1.38%
US
CGW
-1.15%
Unusual Whales·
US
AWK
-2.65%
US
FIW
-1.38%
US
CGW
-1.15%

SABESP Secures $1.5 Billion Loan Agreement for Sanitation Projects

SABESP has secured a $1.5 billion loan agreement with the Inter-American Investment Corporation, comprising a $150 million A Loan and a $1.35 billion B Loan. The B Loan will back blue senior secured notes, with two tranches priced at 5.750% and 6.500%, to be listed on the Luxembourg Stock Exchange. The funds will support sanitation projects in São Paulo, including sewage treatment facilities and collection systems. The transaction is expected to close by February 3, 2026, pending customary conditions.

Reuters·
US
SBS
+0.42%
Reuters·
US
SBS
+0.42%

Pennsylvania American Water Urges Customers to Be Prepared during Sub-Freezing Weather | AWK Stock News

Pennsylvania American Water advises customers to prepare for sub-zero temperatures by protecting their pipes. Key tips include locating and testing the main water shut-off valve, checking sprinkler systems, insulating exposed pipes, and allowing a trickle of water to prevent freezing. Customers are also encouraged to set thermostats at 55 degrees when away and consider a freeze alarm. The company emphasizes the importance of homeowner responsibility for internal plumbing and offers resources for identifying service line materials.

StockTitan·
US
PHO
-1.24%
US
FIW
-1.38%
US
AWK
-2.65%
StockTitan·
US
PHO
-1.24%
US
FIW
-1.38%
US
AWK
-2.65%

16:05 ET Illinois American Water Files Rate Request Driven by Approximately $577 Million in Investments to Provide Safe, Clean, Reliable and Affordable Service

Illinois American Water has filed a request with the Illinois Commerce Commission for new rates to support approximately $577 million in investments aimed at enhancing water and wastewater systems serving over 1.3 million residents. The proposed rate changes, if approved, would result in an increase of about $14 per month for typical residential water customers and $28 for wastewater customers. The request includes measures to assist low consumption customers and is part of a broader commitment to improve water quality and infrastructure. The ICC review process will take 11 months, with potential new rates effective January 2027.

prnewswire·
US
EVX
-0.56%
US
ETEC
+0.49%
US
FIW
-1.38%
prnewswire·
US
EVX
-0.56%
US
ETEC
+0.49%
US
FIW
-1.38%
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