Tennessee American Water receives PFAS settlement funds, plans $50M investment
What happened
Tennessee American Water announced it received proceeds from settlements with manufacturers of per- and polyfluoroalkyl substances (PFAS). These funds resulted in credits of over $84 per customer. The company also stated it plans to invest over $50 million in capital improvements across its service territories.
From prnewswire.com
Why it matters
The application of these settlement funds was approved by the Tennessee Public Utility Commission. Tennessee American Water is committed to complying with new PFAS regulations while simultaneously committing significant capital to infrastructure upgrades.
From prnewswire.com
Who's involved
- TennesseeThe state where Tennessee American Water operates and where regulatory compliance is managed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Tennessee Department of Environment and Conservation may see shifts in operational costs related to new PFAS regulations.