MergerMay 15, 2026, 09:07 AM
Essential Utilities, American Water Merger Approved by Ohio PUC
AI Summary
Essential Utilities, Inc. and American Water Works Company, Inc. announced that the Public Utilities Commission of Ohio has approved their proposed merger. This marks the second favorable regulatory action, following approval in Kentucky on April 21, 2026, and prior shareholder approvals. The all-stock merger, announced in October 2025, aims to create a combined entity serving over 4.7 million water/wastewater and 740,000 gas customer connections, operating under the American Water name. The transaction is anticipated to close by the end of the first quarter of 2027, pending remaining regulatory clearances.
Key Highlights
- Public Utilities Commission of Ohio approved the merger between Essential Utilities and American Water.
- Kentucky regulatory approval for the merger was received on April 21, 2026.
- Shareholders of both companies previously approved the all-stock transaction.
- The merger, announced October 27, 2025, will create a combined entity.
- Combined company will serve over 4.7 million water/wastewater and 740,000 gas customer connections.
- The combined company will operate under the American Water name and be headquartered in Camden, NJ.
- Merger is expected to close by the end of the first quarter of 2027.
- Closing remains subject to Hart-Scott-Rodino Act clearance and other regulatory approvals.
Price Impact
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