Indiana American Water
Indiana American Water is a regulated water and wastewater utility subsidiary of American Water Works Company (NYSE: AWK), delivering clean water, wastewater treatment, and infrastructure services to residential, commercial, and municipal customers across Indiana under exclusive state-regulated service territories.
- Company typePublic
- Founded1886
- HeadquartersGreenwood, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Indiana American Water does
Indiana American Water is a wholly-owned subsidiary of American Water Works Company, Inc. (NYSE: AWK), the largest publicly traded regulated water and wastewater utility in the United States, and one of 14 state-level operating subsidiaries. The company delivers clean drinking water and wastewater collection and treatment services to residential, commercial, and industrial customers across Indiana, operating under exclusive service territories granted by state public utility commissions. Its core technical footprint consists of physical water and wastewater treatment and distribution infrastructure, supplemented by digital customer-facing systems including the MyWater online portal and mobile app for account management, bill payment, usage monitoring, and service activation.
The business operates as a regulated utility with revenue generated primarily through recurring monthly water and wastewater service charges based on consumption and fixed fees, with rates set by state public utility commissions. The company sells into three primary customer segments: residential households, commercial businesses, and municipalities and communities seeking partnership-based solutions for water and wastewater system operations, management, and investment. Its go-to-market is direct utility service through company-owned infrastructure, complemented by self-service digital channels. Indiana American Water's go-to-market is further enabled by its parent's $46 to $48 billion planned 10-year infrastructure investment program covering system renewal, resiliency, water quality, operational efficiency, technology, and regulated acquisitions across the American Water footprint. The company performs over one million water quality tests annually to support regulatory compliance.
Indiana American Water firmographics
Firmographics- Name
- Indiana American Water
- Legal name
- American Water Works Company, Inc.
- Website
- https://amwater.com
- Company type
- Public
- Founded year
- 1886
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Indiana American Water is a regulated water and wastewater utility subsidiary of American Water Works Company (NYSE: AWK), delivering clean water, wastewater treatment, and infrastructure services to residential, commercial, and municipal customers across Indiana under exclusive state-regulated service territories.
- Ownership category
- akta.pro rank
Indiana American Water industry classification
Industry- Product category
- Water and Wastewater Utility Services
- NAICS
- Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (22131), Water Supply and Irrigation Systems (221310), Sewage Treatment Facilities (22132)
- SIC
- Water Supply (4941), Sanitary Services (4950)
- akta.pro primary industry
- Water Quality Monitoring, Compliance & Reporting (Sampling, Lab, Regulatory) (EUANAAAG)
- akta.pro secondary industries
- Indirect Potable Reuse (IPR) Utilities (Aquifer/Reservoir Augmentation) (EUANAGAB), Watershed/Source Water & Raw Water Quality Monitoring (intakes, reservoirs, groundwater) (EUANAJAH)
Keywords
Where Indiana American Water is headquartered
LocationHeadquarters
- HQ city
- Greenwood
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Indiana American Water business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Others
Revenue model
- Water and Wastewater Service Fees: Monthly water and wastewater service charges based on consumption and fixed fees, regulated by state public utility commissions
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Indiana American Water product offering
Product offeringCore offering
Indiana American Water is a regulated water and wastewater utility subsidiary of American Water Works Company, Inc. (NYSE: AWK) that provides clean, safe, reliable, and affordable drinking water delivery and wastewater collection, treatment, and disposal services to residential, commercial, industrial, and municipal customers across Indiana. The company operates company-owned water and wastewater infrastructure, performs over a million water quality tests annually, and supports customers through the MyWater online self-service portal.
Product overview
Indiana American Water operates as a subsidiary of American Water Works Company (NYSE: AWK), the largest regulated water and wastewater utility company in the United States. The company delivers a comprehensive portfolio of essential utility services centered on clean, safe, reliable, and affordable water and wastewater services. The core product offerings include water delivery services and wastewater treatment services, supported by the MyWater online customer portal for account management, bill payment, and water usage tracking. Infrastructure improvement programs represent a significant component of the service offering, supported by a planned investment of $46 to $48 billion over 10 years. The company also provides Solutions for Communities partnerships for municipal water and wastewater system operations and management, along with customer assistance programs such as the H2O Help to Others emergency billing assistance initiative.
Differentiator
Problem solved
Functional benefit
Products and services
- Water Services
- Wastewater Services
- MyWater Online Portal
Quantifiable outcome
- Over $21 million in planned infrastructure improvements for acquired systems (e.g., Audubon Water Company acquisition)
- +2 more outcomes
Companies that use Indiana American Water
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Indiana American Water technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Indiana American Water partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- River RidgeminorIndiana American Water partnered with River Ridge, Indiana on a water connection project. The partnership supports economic development at the River Ridge Commerce Center by providing water infrastructure and services.
- Silver Creek Water CorporationcoreIndiana American Water completed the acquisition of Silver Creek Water Corporation. This acquisition expanded Indiana American Water's service territory and customer base, with plans to invest in infrastructure improvements for the acquired water system.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Indiana American Water competitors and assessment
Company assessmentBroad incumbents
- American Water Works Company, Inc. Parent company of Indiana American Water; the largest publicly traded US water and wastewater utility. Operates the same regulated utility business model across 14 states, sets Indiana American Water's capital allocation framework, and is the most direct comparability reference for valuation, returns, and growth profile.
- Veolia North America: US arm of French-headquartered Veolia Environnement, providing water and wastewater services to municipal and industrial clients under contract. Comparable as a large-scale operator in the same water and wastewater services category, with a broader portfolio and more municipal-contract orientation than Indiana American Water.
Direct peers
- Essential Utilities, Inc. Large multi-state regulated water and natural gas utility (formerly Aqua America) serving customers in Pennsylvania, Ohio, North Carolina, Illinois, Texas, and other states. Directly comparable to Indiana American Water as a regulated IOU with active municipal acquisition strategy in the same water utility category.
- American States Water Company: California-based regulated water and wastewater utility (NYSE: AWR) serving residential, commercial, and military customers. Comparable as a publicly traded water-only regulated IOU with similar customer mix, regulatory model, and growth-via-acquisition playbook.
- SJW Group: Water utility holding company (NYSE: SJW) operating Connecticut Water, San Jose Water, and Texas Water. Directly comparable as a state-level regulated water IOU pursuing consolidation through acquisitions, with similar reliance on commission-approved rate cases for earnings growth.
- Middlesex Water Company: New Jersey-based regulated water and wastewater utility (NASDAQ: MSEX). Closely comparable as a small-to-mid-cap pure-play regulated water utility serving residential, commercial, and industrial customers under similar state commission oversight.
- York Water Company: Pennsylvania-based regulated water utility (NASDAQ: YORW), one of the oldest in the US. Comparable as a pure-play, state-level regulated water IOU with similar customer base, regulatory framework, and growth-through-acquisition strategy.
- Artesian Resources Corporation: Delaware-based regulated water and wastewater utility (NASDAQ: ARTNA). Comparable as a small-cap state-level regulated water IOU with a similar residential/commercial customer mix and reliance on state public utility commission rate cases.
- California Water Service Group: California-based regulated water utility (NYSE: CWT) serving over 2 million customers. Comparable as a large multi-region regulated water IOU with similar regulated rate-base growth model, infrastructure investment program, and active M&A pipeline.
Others
- Indiana Finance Authority / Indiana Utility Regulatory Commission (state-level): Indiana's state regulator and economic development bodies are not companies but are key counterparties to Indiana American Water. Included to reflect the regulatory and municipal ecosystem (rate cases, acquisitions, water infrastructure programs) that most directly shapes the subsidiary's growth, rate-base recovery, and risk profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Indiana American Water social profiles
Digital presenceIndiana American Water financial estimates
Financial estimateRevenue estimate
Valuation estimate
Indiana American Water leadership team
Management profileNumber of profiles
Profiles1 record
Indiana American Water subsidiaries and ownership
Company hierarchySubsidiaries1 record
Indiana American Water funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Indiana American Water M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Indiana American Water
What does Indiana American Water do?
Indiana American Water is a regulated water and wastewater utility subsidiary of American Water Works Company, Inc. (NYSE: AWK) that provides clean, safe, reliable, and affordable drinking water delivery and wastewater collection, treatment, and disposal services to residential, commercial, industrial, and municipal customers across Indiana. The company operates company-owned water and wastewater infrastructure, performs over a million water quality tests annually, and supports customers through the MyWater online self-service portal.
Is Indiana American Water a public or private company?
Indiana American Water is a public company. It is classified as public and is currently operating.
When was Indiana American Water founded?
Indiana American Water was founded in 1886. It employs 5,001 to 10,000 people.
Where is Indiana American Water based?
Indiana American Water is headquartered in Greenwood, United States, in the North America region.
How does Indiana American Water make money?
One revenue line is on record: water and Wastewater Service Fees.
Who are Indiana American Water's main competitors?
Broad incumbents on record are American Water Works Company, Inc. and Veolia North America. Direct peers are Essential Utilities, Inc., American States Water Company, SJW Group, Middlesex Water Company, York Water Company, Artesian Resources Corporation and California Water Service Group. Indiana Finance Authority / Indiana Utility Regulatory Commission (state-level) is listed as an others.
Does Indiana American Water have an API?
No public API is recorded for Indiana American Water.
What industry is Indiana American Water in?
Indiana American Water's product category is Water and Wastewater Utility Services. Its primary akta.pro industry code is EUANAAAG, Water Quality Monitoring, Compliance & Reporting (Sampling, Lab, Regulatory), with a secondary code of EUANAGAB, Indirect Potable Reuse (IPR) Utilities (Aquifer/Reservoir Augmentation). Its NAICS code is 2213 and its SIC code is 4941.