CHARLESTON, W.Va. — American Water Works Company Inc., the parent company of West Virginia American Water, said Wednesday the Freedom Industries chemical spill cost the company $5.9 million in lost revenue and additional expenses during the first three months of the year.
Despite the spill, though, the company was able to make a $68.1 million profit during the first quarter.
The Voorhees, N.J.-based company, the largest publicly traded water and wastewater utility company in the U.S., reported first-quarter earnings Wednesday evening. The $68.1 million in net income, or 38 cents a share, from the first three months of 2014 was an 18 percent increase from the $57.6 million the company earned during the first quarter of last year.
The company said its total operating revenue for the quarter totaled $681.9 million, a year-over-year increase of 7.2 percent…