logo
New Jersey American Water and Salem City Celebrate Groundbreaking of New Water Infrastructure and PFAS Treatment System

New Jersey American Water and Salem City Celebrate Groundbreaking of New Water Infrastructure and PFAS Treatment System

Business Wire14-05-2025

SALEM, N.J.--(BUSINESS WIRE)-- New Jersey American Water and the City of Salem, today, broke ground on a major new infrastructure project that will enhance water quality and public health for thousands of local residents in Salem, NJ. The event marked the start of construction on a state-of-the-art PFAS removal system at the Salem Water Treatment Plant—a critical investment to help ensure safe, clean and reliable drinking water service for communities served by the plant.
The ceremony brought together New Jersey American Water leadership, local elected officials, and key community stakeholders to celebrate the inauguration of a PFAS mitigation project—to be completed within an accelerated 18-month timeline—that underscores New Jersey American Water's ability to swiftly deliver innovative, health-focused solutions with long-term benefits for Salem and its residents.
'This is a turning point for Salem,' said Dr. Jody Veler, Mayor of Salem City. 'Our community deserves clean water, and we are proud to see this partnership with New Jersey American Water delivering results that will make a lasting difference.'
'We are proud to partner with the City of Salem to deliver a timely solution to remove 'forever chemicals' from drinking water and restore community trust,' said Mark McDonough New Jersey American Water President. 'This project reflects our long-term commitment to safe and affordable water service and meaningful investment in communities that make them stronger.'
'This facility doesn't just help local residents, but it sets the stage for the state of New Jersey,' said Zenon Christodoulou, Commissioner, New Jersey Board of Public Utilities. 'This issue will not go away easily, but starting today, in this town, it will begin to go away, thanks to your combined efforts… Our job at the BPU is to make sure that we provide safe and affordable service for all of our residents… and on behalf of the BPU, you have made our job infinitely easier. With great optimism, we look to the future.'
'My DEP colleagues and I congratulate New Jersey American Water on the groundbreaking of this treatment plant,' Environmental Protection Commissioner Shawn M. LaTourette said. 'Across New Jersey, the DEP is working with water systems both large and small to install advanced treatment systems to remove PFAS while also taking strong legal actions to hold accountable those companies that are responsible for this pollution.'
In just the first year since taking ownership of the Salem water and wastewater systems in June of 2024, New Jersey American Water has already invested over $1 million into the water system and another $2.5 million into the wastewater system—with plans to invest nearly $48.8 million over the next five years. These investments will support system upgrades, environmental compliance, and enhanced service reliability across the region.
About New Jersey American Water
New Jersey American Water, a subsidiary of American Water (NYSE: AWK), is the largest regulated water utility in the state, providing safe, clean, reliable and affordable water and wastewater services to approximately 2.9 million people. For more information, visit www.newjerseyamwater.com and follow New Jersey American Water on LinkedIn, Facebook, X, and Instagram.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why ABM Industries Stock Is Down Today
Why ABM Industries Stock Is Down Today

Yahoo

time10 minutes ago

  • Yahoo

Why ABM Industries Stock Is Down Today

ABM delivered a quarter roughly in line with expectations, but the full-year forecast suggested some downside to expectations. Given the macro headwinds, investors seem to see more downside potential than upside from here, leading to a sell-off in the stock. 10 stocks we like better than Abm Industries › ABM Industries (NYSE: ABM) largely met Wall Street expectations for the quarter, but costs are on the rise and full-year guidance implies some risk of weakness compared to estimates. Investors are on the defensive, sending ABM shares down 13% as of noon ET. ABM supplies cleaning, parking, and other services to a wide range of facilities from office buildings to factories and airports. The company earned $0.86 per share in its fiscal second quarter ending April 30, a penny shy of expectations, on revenue that was in line at $2.1 billion. The quarter marked a return to organic revenue growth thanks to strength in the prime commercial office market. ABM also secured $1.1 billion in new bookings in the first half of its fiscal year, up 11%. Revenue growth was 3.4%, compared to a 3% rise in operating expenses and a 9% rise in selling, general, and administrative expenses. "We remain constructive on the outlook for our core markets, particularly high-quality office buildings, manufacturing and distribution facilities, commercial aviation, and microgrids," CEO Scott Salmirs said in a statement. "Further, projects delayed in the second quarter are expected to be realized in the third quarter." The quarter was fine, but investors appear to be reacting to the company leaving in place full-year guidance for earnings of $3.65 to $3.80 per share. At the midpoint that's below the $3.77 consensus. Investors came into this earnings season looking for more of an acceleration than what ABM could deliver and given the broader macro uncertainty there appears to be more downside risk than upside in the months to come. A slowdown in manufacturing, or layoffs that eat into office building occupancy, could hit results. Given the uncertainty, investors are likely wise to move to the sidelines right now. Before you buy stock in Abm Industries, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Abm Industries wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends ABM Industries. The Motley Fool has a disclosure policy. Why ABM Industries Stock Is Down Today was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Circle IPO: Stock price today as stablecoin company makes long-awaited NYSE debut
Circle IPO: Stock price today as stablecoin company makes long-awaited NYSE debut

Yahoo

time10 minutes ago

  • Yahoo

Circle IPO: Stock price today as stablecoin company makes long-awaited NYSE debut

The time has come for another highly anticipated arrival on the New York Stock Exchange (NYSE). Circle Internet Group, a stablecoin provider, is making its initial public offering today for $31 a share. Here's everything you need to know about Circle's IPO. Why you're catching the 'ick' so easily, according to science Why AI Is Making 1:1 Meetings Irrelevant Where are the wildfires in Canada? Maps pinpoint the location of fires and air-quality threats from smoke New York-based Circle, led by CEO Jeremy Allaire, is the issuer of USDC, a stablecoin tied to the U.S. dollar and the second-largest stablecoin globally. Circle also offers EURC, a stablecoin tied to the Euro. Circle set its share prices on Wednesday and plans to list its stock today, Thursday, June 5. The offer is expected to close the following day, Friday, June 6. Circle will trade its stock under the ticker CRCL. Circle will trade its shares on the NYSE. Circle's share price for the IPO is $31. The marketed estimate was $27 to $28. There will be 34 million shares of CRCL available. Circle is offering 14.8 million shares, while stockholders are selling 19.2 million shares. In addition, Circle is offering underwriters, like JPMorgan and Goldman Sachs, 30 days to purchase 5.1 million additional shares. The company is set to raise $1.1 billion in its IPO. Circle's current valuation is about $6.9 billion, but once all shares are diluted, it could increase to $8.1 billion. The stock market has experienced volatility under President Trump—especially in response to his 'Liberation Day' tariffs. However, PitchBook reports that some big names, such as Klarna, Discord, and Figma, are still expected to make IPOs this year. Klarna is the likeliest, with a 97% probability. Meanwhile, digital banking services startup Chime Financial is expected to list on the Nasdaq as soon as next week. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Jim Cramer Says to 'Buy Dover (DOV) Right Now'
Jim Cramer Says to 'Buy Dover (DOV) Right Now'

Yahoo

time20 minutes ago

  • Yahoo

Jim Cramer Says to 'Buy Dover (DOV) Right Now'

We recently published a list of . In this article, we are going to take a look at where Dover Corporation (NYSE:DOV) stands against other stocks that Jim Cramer discusses. Inquiring about Dover Corporation (NYSE:DOV), a caller asked if Cramer thinks that the stock will ever hit $222. He replied: 'I look wrong right now on Dover for the club… but I think I'm going to be right. Why? Because I think that Tobin is very smart, the CEO and the stock should never have been thrown back, 19 times earnings. It even went down when steel tariffs went on. I say enough is enough. Buy Dover right now, tomorrow morning.' A modern industrial equipment assembly line in motion. Dover (NYSE:DOV) produces items like pumps, flow meters, refrigeration systems, printing and coding equipment, vehicle lifts, winches, and fluid dispensing tools. Additionally, the company provides software and services used in fuel handling, industrial processing, climate control, and product traceability across various industries. During an episode of Squawk on the Street in April, Cramer commented: 'Okay so here's a good example of the craziness of this market. Dover reports. Dover did what RTX did the other day. They actually said okay listen the tariffs are hurting us. Okay, here's how they're hurting us. Stock was immediately down seven bucks. Down 7. And I was like I own it for my charitable trust and I'm like meumughmhgm . . .and then well people figured out, wait a second, they told the truth! Now the stock's up nice.' READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store