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 — Public input hearings — Montgomery County
May 5, 2026· in 3d
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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