Pennsylvania American Water Completes Acquisition of Sadsbury Township Wastewater Collection System
November 01 2024 - 3:32PM
Business Wire
Pennsylvania American Water, a subsidiary of American Water
(NYSE: AWK), announced today that it has completed the acquisition
of the wastewater collection system assets of Sadsbury Township,
Lancaster County. The newly acquired collection system currently
serves approximately 250 customer connections.
“Pennsylvania American Water couldn’t be more pleased to welcome
the residents of Sadsbury Township as new wastewater customers,”
said Pennsylvania American Water President Justin Ladner. “We look
forward to providing this community with safe, reliable service by
delivering on our technical expertise and extensive wastewater
experience.”
Over the next six years, Pennsylvania American Water plans to
invest more than $1.5 million in Sadsbury Township wastewater
collection system improvements. These improvements include targeted
wastewater main and manhole replacements, technology and control
systems, and lift station upgrades.
The $990,000 purchase was approved by the Pennsylvania Public
Utility Commission (PUC) on Sept. 12, 2024. In accordance with the
PUC’s approval, Pennsylvania American Water will adopt the rates
currently being charged to Sadsbury residents. The PUC regulates
the company’s rates and rules and regulations of service;
therefore, any future rate changes will require review and approval
by the PUC.
“The township approved the sale for several reasons. The greater
financial resources and the professional expertise of Pennsylvania
American Water far surpass the ability of the township to operate
and provide the much-needed investment in the wastewater system,
particularly as it relates to ever-increasing environmental and
regulatory compliance matters,” the Sadsbury Township commissioners
said. “Additionally, the associated risks of managing a wastewater
system and their unforeseen costs were a major factor in
transferring the system to Pennsylvania American Water. The sale
proceeds will greatly enhance the long-term financial security of
the township as well.”
Pennsylvania American Water offers multiple customer assistance
programs, including its longstanding H2O Help to Others Program.
For qualifying wastewater customers, the program offers grants of
up to $500 per year and a 37% to 85% discount on the total
wastewater charges.
About American Water
American Water (NYSE: AWK) is the largest regulated water and
wastewater utility company in the United States. With a history
dating back to 1886, We Keep Life Flowing® by providing safe,
clean, reliable and affordable drinking water and wastewater
services to more than 14 million people with regulated operations
in 14 states and on 18 military installations. American Water’s
6,500 talented professionals leverage their significant expertise
and the company’s national size and scale to achieve excellent
outcomes for the benefit of customers, employees, investors and
other stakeholders.
For more information, visit amwater.com and join American Water
on LinkedIn, Facebook, X and Instagram.
About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is
the largest regulated water utility in the state, providing
high-quality and reliable water and wastewater services to
approximately 2.3 million people.
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version on businesswire.com: https://www.businesswire.com/news/home/20241101069049/en/
Media Contact: John Kelemen External Affairs Manager
484-238-5216 john.kelemen@amwater.com
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