Ellen C. Wolf, Vice President and Chief Financial Officer of American Water Works Company, Inc. (NYSE:AWK), the largest publicly traded US corporation devoted exclusively to the business of water, has been named to the "Commodities Now" Top 50 Women in Energy list.

The international publication, which specializes in trading and risk management issues, sponsors the competition that recognizes the achievement of women in energy and utilities.

Ms. Wolf was cited for her demonstration of the essential ingredients of world-class leadership: vision, courage, determination, and empathy. Her nomination notes, "At a time when companies need direction, certainty, and confidence, Ms. Wolf has delivered on all counts. She has exhibited the courage to lead with what is important, versus what is popular. She has the creativity and depth to build transformational programs, and the determination and stamina to see them successfully executed." Honorees will be acknowledged at a ceremony during the E-World of Energy exhibition on February 14, 2002 in Essen, Germany.

Ms. Wolf was appointed to her current position at American Water in May 1999. Previously, she was vice president-treasurer of the Verizon predecessor company Bell Atlantic Corporation. Ms. Wolf is a graduate of Duke University and received an M.B.A. from the Wharton School of the University of Pennsylvania.

About American Water Works

American Water Works provides water, wastewater and other water resource management services to more than 12 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. Women in Energy is a program of "Commodities Now" magazine, in association with Linda Rader and corporate sponsors Accenture and Jacobs Consultancy.

American Water Works, Inc.

American Water Works, Inc.

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