logo
Seven Water Tanks to be Rehabilitated, One to be Constructed in 2025

Seven Water Tanks to be Rehabilitated, One to be Constructed in 2025

Yahoo12-05-2025

Pennsylvania American Water unveils $6.2 million water storage tank upgrade plan during Infrastructure Week
MECHANICSBURG, Pa., May 12, 2025--(BUSINESS WIRE)--In conjunction with the start of the annual Infrastructure Week observation, Pennsylvania American Water today announced its 2025 tank infrastructure investment plan, including the rehabilitation of seven of its existing water storage tanks and the construction of one new tank. Pennsylvania American Water's tank rehabilitation program of inspecting, sandblasting and repainting tanks extends the tanks' service lives and helps protect water quality. The total expected cost of the company's water storage upgrades and construction this year is approximately $6.2 million.
"Storage tanks are a critical part of our distribution system infrastructure," said Tony Nokovich, vice president of engineering at Pennsylvania American Water. "Tanks provide system capacity to residential and commercial customers, along with adequate pressure and fire protection. Maintaining and rehabilitating tanks extends their service life and is more cost-efficient than replacing them."
This year, the company will rehabilitate and repaint seven storage tanks in the following municipalities:
Municipality
County
Cost
Size (gal)
Butler Township
Butler
$630,000
250,000
Clarks Green Township
Lackawanna
$288,000
300,000
Coolbaugh Township
Monroe
$429,000
400,000
Neshannock Township
Lawrence
$530,000
300,000
Neshannock Township
Lawrence
$720,000
1,100,000
White Deer Township
Union
$507,000
503,000
White Township
Indiana
$1,700,000
200,000
To rehabilitate the tanks, crews will strip the original paint and apply a new coating, which serves as a protective barrier that prevents steel from rusting and impacting water quality. During tank rehabilitation, customers should not experience impacts on their water service.
The company is also constructing a new ground storage tank in Fairview Township, York County, to provide additional water storage capacity, which will help the company continue to deliver reliable water service to meet customer demand and provide fire protection. With a construction cost of $1.4 million, the tank will have a capacity of 208,000 gallons.
These infrastructure projects are not only an important investment in public health and safety, they also help support the economic vitality of the community. Economic impact studies show that for every $1 million invested in water infrastructure, upwards of 15 jobs are generated throughout the economy. Statewide, Pennsylvania American Water invested approximately $675 million in 2024 alone to improve its water and wastewater treatment and pipeline systems, supporting more than 10,125 jobs. The company's 2025 tank rehabilitation and construction projects will support more than 90 jobs.
"At Pennsylvania American Water, we take pride in continuously maintaining and upgrading the infrastructure that helps Keep Life Flowing for our customers," said the company's president, Justin Ladner. "To provide high-quality, reliable water and wastewater services, we're committed to the proper planning, careful implementation, and of course, investment dollars that are necessary to ensure our systems operate safely and efficiently."
To learn more about Pennsylvania American Water's infrastructure investment efforts, visit pennsylvaniaamwater.com/infrastructure.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,700 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 Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing safe, clean, reliable and affordable water and wastewater services to approximately 2.4 million people.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250512260481/en/
Contacts
Media Contact: David MisnerSenior Manager, External Communications717-262-7525david.misner@amwater.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Best's Market Segment Report: 2024 Pricing Cuts in U.S. Cyber Generated First-Ever Reduction in Direct Premiums Written
Best's Market Segment Report: 2024 Pricing Cuts in U.S. Cyber Generated First-Ever Reduction in Direct Premiums Written

Yahoo

time31 minutes ago

  • Yahoo

Best's Market Segment Report: 2024 Pricing Cuts in U.S. Cyber Generated First-Ever Reduction in Direct Premiums Written

OLDWICK, N.J., June 23, 2025--(BUSINESS WIRE)--Premiums generated from cyber insurance coverage declined by 2.3% to slightly less than $7.1 billion in 2024 compared with a year earlier, marking the first ever decrease in the segment since the data was first collected in 2015, according to a new AM Best report. Despite the drop in premium, the loss ratio for the U.S. cyber segment remained below the 50% mark in 2024, suggesting that the line of coverage is still profitable for those who choose to underwrite the risk. According to the report, the decrease in premiums is driven more by pricing changes than any changes in exposure. "When premium grew during the hard market cycle, the growth significantly outpaced the pricing increases, indicating that demand for cyber insurance was increasing as well," said Christopher Graham, senior industry analyst, AM Best. "Considering that the premium decrease is close to the pricing decrease, that would indicate that the demand for cyber insurance is steady." However, the report also notes that some large organizations may be shifting their cyber exposure to their own single-parent captive insurers. Such organizations that have a favorable loss experience find it beneficial to maintain the premium under the parent company's structure and typically don't file the related cyber data reports with the National Association of Insurance Commissioners. Among the report's other highlights: Much of the new capacity during the hard market came from surplus lines writers. Those carriers have held—and marginally increased—their market share even as the total premium slightly contracted; Surplus lines paper remains the prime spot for complicated cyber risks, and this is evident through the split among primary, excess, and endorsement coverage. While surplus lines writers benefited from the hard market pricing of 2020-2022, that benefit seems to have now worn off. When new writers enter the market during a hard market cycle, those writers get the benefit of the stronger pricing without having to pay the legacy losses. AM Best has maintained a stable outlook on the global cyber insurance segment, citing a cautious level of underwriting in a dynamic risk environment. To access the full copy of the Best's Market Segment Report on U.S. cyber insurance, please visit AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Christopher Graham Senior Industry Analyst +1 908 882 1807 Fred Eslami Associate Director +1 908 882 1759 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318

Best's Market Segment Report: 2024 Pricing Cuts in U.S. Cyber Generated First-Ever Reduction in Direct Premiums Written
Best's Market Segment Report: 2024 Pricing Cuts in U.S. Cyber Generated First-Ever Reduction in Direct Premiums Written

Business Wire

time36 minutes ago

  • Business Wire

Best's Market Segment Report: 2024 Pricing Cuts in U.S. Cyber Generated First-Ever Reduction in Direct Premiums Written

BUSINESS WIRE)--Premiums generated from cyber insurance coverage declined by 2.3% to slightly less than $7.1 billion in 2024 compared with a year earlier, marking the first ever decrease in the segment since the data was first collected in 2015, according to a new AM Best report. Despite the drop in premium, the loss ratio for the U.S. cyber segment remained below the 50% mark in 2024, suggesting that the line of coverage is still profitable for those who choose to underwrite the risk. According to the report, the decrease in premiums is driven more by pricing changes than any changes in exposure. 'When premium grew during the hard market cycle, the growth significantly outpaced the pricing increases, indicating that demand for cyber insurance was increasing as well,' said Christopher Graham, senior industry analyst, AM Best. 'Considering that the premium decrease is close to the pricing decrease, that would indicate that the demand for cyber insurance is steady.' However, the report also notes that some large organizations may be shifting their cyber exposure to their own single-parent captive insurers. Such organizations that have a favorable loss experience find it beneficial to maintain the premium under the parent company's structure and typically don't file the related cyber data reports with the National Association of Insurance Commissioners. Among the report's other highlights: Much of the new capacity during the hard market came from surplus lines writers. Those carriers have held—and marginally increased—their market share even as the total premium slightly contracted; Surplus lines paper remains the prime spot for complicated cyber risks, and this is evident through the split among primary, excess, and endorsement coverage. While surplus lines writers benefited from the hard market pricing of 2020-2022, that benefit seems to have now worn off. When new writers enter the market during a hard market cycle, those writers get the benefit of the stronger pricing without having to pay the legacy losses. AM Best has maintained a stable outlook on the global cyber insurance segment, citing a cautious level of underwriting in a dynamic risk environment. To access the full copy of the Best's Market Segment Report on U.S. cyber insurance, please visit

The Hackett Group ®: Research Shows Gen AI Helps Top HR Teams Drive Engagement, Efficiency and Strategic Impact
The Hackett Group ®: Research Shows Gen AI Helps Top HR Teams Drive Engagement, Efficiency and Strategic Impact

Business Wire

timean hour ago

  • Business Wire

The Hackett Group ®: Research Shows Gen AI Helps Top HR Teams Drive Engagement, Efficiency and Strategic Impact

MIAMI--(BUSINESS WIRE)-- The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) consultancy and executive advisory firm, today released its 2025 Digital World Class ® Human Resources (HR) research. It reveals how top-performing HR organizations are redefining excellence. Digital World Class® HR organizations – those achieving top-quartile performance in both business value and operational excellence – are achieving 29% lower cost while supporting three times more employees. The report shows that Digital World Class ® HR organizations – those achieving top-quartile performance in both business value and operational excellence – are achieving 29% lower cost while supporting three times more employees. This reflects a strategic approach to scaling impact, not doing more with less. These HR leaders are embracing Gen AI and advanced automation to expand the capacity of HR teams, unlock time for higher-value work, and reshape the function into a more agile, insight-driven partner to the business. This trend is about building a better workforce experience to more effectively enable business objectives. 'Digital World Class ® HR organizations aren't just managing talent – they're unlocking the full potential of their people with digital capabilities,' said Jessica Haley, principal and Global Human Resources Executive Advisory practice leader at The Hackett Group ®. 'These organizations are showing what's possible when you combine human insight with digital enablement and AI. They are not reducing the function; they are elevating the impact of HR. Amplifying the power of HR to drive stronger business outcomes at scale, fostering resilience, and leading the way in shaping the workplace and the workforce – that is Digital World Class ® HR and that is the future.' Key findings: What sets Digital World Class ® HR apart The Hackett Group's research, which draws from global benchmark studies across hundreds of companies, highlights distinguishing characteristics of top-performing HR organizations: 1. They are more integrated with business strategy and engaged with business stakeholders. 2X more time working directly with line leaders on business-aligned talent plans 2.4X more likely to be seen as a valued partner by business stakeholders 57% more roles filled internally, signaling stronger alignment between talent development and business needs 2. They prioritize enterprise-level initiatives like strategic workforce planning. 32% more staff focused on strategic workforce planning 40% more organizational development efforts built into success metrics Stronger emphasis on change enablement, with more HR staff dedicated to facilitating business transformation 3. They invest more in AI, automation and digital enablement of HR service delivery. 2.3X more likely to offer self-service automation for HR data, compliance and reporting 2X more likely to align human capital management application strategies to enterprise goals 71% of primary software functionality is actively used, maximizing technology return on investment and scalability Digital World Class ® HR organizations are also significantly more agile in navigating disruption, enabling faster adaptation to shifting workforce dynamics, economic headwinds and regulatory demands. Closing the performance gap: A blueprint for transformation The research outlines a clear road map on leveraging Gen AI to reshape the HR service delivery model and close the Digital World Class ® performance gap: Address long-term workforce talent needs proactively by leveraging emerging tools to optimize workforce planning, skill development and internal mobility. Employ intelligent automation for routine HR work and transactional processes to open capacity for HR to focus on more strategic work. Identify and address your HR team's skills gaps; embrace new ways of working, such as co-intelligence; and elevate HR's strategic impact by strengthening data savviness and storytelling. Drive operational efficiency by collaborating with AI-focused partners who emphasize ethical AI practices, transparency and trust. Evolve the HR operating model into an integrated, aligned, digitally enabled model that empowers HR teams to drive strategic value for the business. A public version of the research paper, ' Driving HR Performance With Gen AI ' is available for free with registration. About The Hackett Group ® The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class ® performance. Using AI XPLR™ and ZBrain™ – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey. Our expertise is grounded in unparalleled best practices insights from benchmarking the world's leading businesses – including 97% of the Dow Jones Industrials, 90% of the Fortune 100, 70% of the DAX 40 and 51% of the FTSE 100. Visit us at Trademarks The Hackett Group ®, quadrant logo, and Digital World Class ® are the registered marks of The Hackett Group ®. Cautionary Statement Regarding 'Forward-Looking' Statements This release contains 'forward-looking' statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group ® to effectively market its digital transformation, our ability to transition our capabilities to support generative artificial intelligence (AI)-related consulting services and solutions and other consulting services, our ability to effectively integrate acquisitions, including the Spend Matters acquisition into our operations, our ability to manage joint ventures and successfully cooperate with our joint venture partners, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group ® and its services as well as other risk detailed in The Hackett Group's reports filed with the United States Securities and Exchange Commission. The Hackett Group ® does not undertake any duty to update this release or any forward-looking statements contained herein.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store