In another filing made with the SEC, American Water said that its CEO, Jeffry Sterba, made about $3.7 million in 2012.
The company provides water to more than 11 million people in 16 states. It provides water to about 600,000 people in West Virginia -- about a third of the state's population. About half of those people were affected by the chemical leak that contaminated the region's tap water with the toxic coal-cleaning chemical Crude MCHM.
Another risk factor that the company lists is an idea that was floated at protests and meetings in the wake of the water crisis: The possibility that cities could take back water systems through the use of eminent domain.
About 16 percent of the country's water systems are owned by private companies, like American Water, according to the National Association of Water Companies, a group which represents private water companies.
In its annual report, American Water lists several communities that are trying to make their water systems public, buying them from the company.
Mooresville, Ind., where American Water has about 3,700 customers, filed a lawsuit in 2012 to condemn and acquire the water system there.
The town offered the company $6.5 million. The company declined and said the system was worth $24.1 million. A court appointed appraiser valued the system at $14.5 million and a jury trial is scheduled for April to settle the case.
Monterey, Calif., and Homer Glen and Bolingbrook, Ill., have also taken steps in the last few years toward taking their water systems back from American Water.
The company can contest eminent domain, but it warns that it may not be successful, that it might not get sufficient payment, that there can be costly legal fees and that the process can distract management from regular operations.
Reach David Gutman at david.gut...@wvgazette.com or 304-348-5119.