Active situationEnergyOngoing·Updated Apr 30, 2026·Published Oct 27, 2025
Essential Utilities / American Water Works — $12bn energy deal
WTRG / AWK
Both shareholder bases approved February 10, 2026. Pennsylvania PUC is the central review — parties seeking Q3 2026 conclusion. 10+ state utility commissions require approval.
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CTFN Editorial
Active Situations Desk · ctfn.news
Deal snapshot — free previewOngoing
Next event
PPUC — PPUC decision target (Q3 2026)
Sep 24, 2026· in 45d
CTFN estimated close
Mar 31, 2027
Key risks
Pennsylvania PUC central review is the critical path. Illinois CUB filed adverse expert testimony April 9 opposing the merger and recommending a 5-year acquisition moratorium — Illinois has emerged as a meaningfully contested approval. 10+ state utility commissions create multi-jurisdictional complexity. All-stock structure removes financing risk.
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