SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 15, 2002
AMERICAN WATER WORKS COMPANY, INC.
(Exact Name of Registrant as Specified in Charter)
-------------------------------------------------------------------------------
Delaware 0001-03437 51-0063696
(State or Other (Commission File (I.R.S. Employer
Jurisdiction Number) Identification No.)
of Incorporation)
-------------------------------------------------------------------------------
1025 Laurel Oak Road, P.O. Box 1770, Voorhees, NJ 08043
(Address of Principal Executive Offices) (Zip Code)
-------------------------------------------------------------------------------
Registrant's Telephone Number, Including Area Code:
(856) 346-8200
Item 5. Other Events.
On January 15, 2002, American Water Works Company, Inc. ("American
Water Works") issued a press release announcing that it has completed its
acquisition of the water and wastewater assets of Citizens Communications
Company (formerly known as Citizens Utilities Company).
A copy of the American Water Works press release announcing the
completion of the acquisition is incorporated herein by reference and included
herein as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
The exhibit listed below and in the accompanying Exhibit Index is
filed as part of this Current Report on Form 8-K.
EXHIBIT NO. DESCRIPTION
99.1 Press Release, dated as of January 15, 2002, of American Water
Works Company, Inc.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: January 15, 2002
AMERICAN WATER WORKS COMPANY, INC.
By: /s/ W. Timothy Pohl
-----------------------------------
Name: W. Timothy Pohl
Title: General Counsel and Secretary
3
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Press Release, dated as of January 15, 2002, of American Water
Works Company, Inc.
4
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
James E. Harrison
Vice President, Investor Relations
856-346-8207
Nancy A. Macenko
Vice President, External Affairs
(856) 566-4026
AMERICAN WATER WORKS COMPANY COMPLETES ACQUISITION OF
CITIZENS COMMUNICATIONS' WATER AND WASTEWATER ASSETS
VOORHEES, NJ -- (January 15, 2002) - American Water Works Company,
Inc. (NYSE:AWK), the largest publicly traded U.S. corporation devoted
exclusively to the business of water, announced today that it has completed
the acquisition of the water and wastewater assets of Citizens Communications
Company [formerly known as Citizens Utilities Company, NYSE:CZN, CZB] for $859
million in cash and $120 million of assumed liabilities.
As a result of the acquisition, American Water Works will serve more
than one million additional people in Arizona, California, Illinois, Indiana,
Ohio and Pennsylvania.
American Water Works' President and Chief Executive Officer J. James
Barr described the transaction as "a perfect fit for American Water Works
Company - one that will deliver value for our customers, shareholders and the
communities we serve." Barr noted that the Company already has operations in
each of the six states.
In Arizona and California, the transaction adds approximately 585,000
people to the 330,000 people American Water Works already serves in these
states. This strengthens the company's foundation for continued growth in
those key areas. In Illinois, Indiana and Ohio, 306,000 people have been
added, further expanding the Company's already significant presence in the
Midwest. In Pennsylvania, the number of people served increases by 130,000.
American Water Works continues to have a significant presence in Pennsylvania
with a service population of more than 2 million. The transaction will also
expand American Water Works' presence in the wastewater sector by more than
260,000 people.
"We are pleased to officially welcome nearly 300 new associates to
the American Water Works' family," said Barr. "The knowledge and experience
that we share going forward is certain to work to our customer's advantage."
About American Water Works
American Water Works Company is the largest publicly traded U.S.
corporation devoted exclusively to the business of water. Its 6,600 associates
provide water, wastewater and other related services to nearly 16 million
people in 29 states and three Canadian provinces. More information can be found
on the Web at www.amwater.com.
###
Forward looking statements in this report, including, without limitation,
statements relating to the Company's plans, strategies, objectives,
expectations, intentions and adequacy of resources, are made pursuant to the
safe harbor provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such forward
looking statements. These factors include, among others, the following: the
success of pending applications for rate increases, inability to obtain, or to
meet conditions imposed for, regulatory approval of pending acquisitions,
weather conditions that tend to extremes of temperature or duration;
availability, terms and development of capital; business abilities and
judgment of personnel; changes in, or the failure to comply with governmental
regulations, particularly those affecting the environment and water quality;
competition; success of operating initiatives, advertising and promotional
efforts; existence of adverse publicity or litigation; changes in business
strategy or plans; quality of management; general economic and business
conditions; and other factors described in filings of the Company with the
SEC. The Company undertakes no obligation to publicly update or revise any
forward looking statement, whether as a result of new information, future
events or otherwise.