Aqua America Chairman Cites Water Energy Nexus at CEO Growth Council’s “Energy Hub” Conference
December 05 2014 - 4:00PM
Business Wire
Aqua America Chairman and CEO Nicholas DeBenedictis said that
the company’s sustainability efforts are representative of the
water-energy nexus that is taking place across the country.
DeBenedictis’ statement was made as he moderated the organization’s
“Policy and People, Legislative and Regulatory Affairs” panel.
“Who would have thought a decade or more ago that water
companies would be providing the ‘fuel’ necessary to extract the
natural gas from the earth needed to fuel not only homes, but
automobiles,” DeBenedictis asked rhetorically. “Ensuring that water
is delivered to drillers through an environmentally conscious and
efficient method has required water companies like Aqua America and
gas companies to develop a collaborative infrastructure from which
local communities and drillers have already realized the economic
benefits.”
DeBenedictis was referring to its joint venture with Penn
Virginia operating subsidiaries, which constructed and operates a
private pipeline system to supply fresh water to certain natural
gas producers drilling in the Marcellus Shale in north-central
Pennsylvania. Aqua has supported a CNG fleet for more than a
decade, purchasing its first bi-fuel pickup in 1997.
“In addition to ‘fueling’ the natural gas industry, we are also
using the natural gas to fuel our fleet. Since 2011, we have
invested nearly $3 million in CNG through vehicle purchases and the
construction of time-fill fueling stations,” said DeBenedictis.
Aqua has committed to transitioning its Pennsylvania large vehicle
fleet to CNG within 5 years.
“Investment in energy infrastructure will enable Pennsylvania to
play a key role in the energy and economic development that will
assure a vibrant economic future for our country,” said
DeBenedictis. “We live in an energy-rich state and with smart and
prudent infrastructure investment, we can assure a healthy economic
future that includes, among other things, energy independence and
living-wage jobs for residents throughout the Commonwealth.”
Aqua America is one of the largest U.S.-based, publicly traded
water utilities and serves nearly 3 million people in Pennsylvania,
Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and
Virginia. Aqua America is listed on the New York Stock Exchange
under the ticker symbol WTR. Visit AquaAmerica.com for more
information, or follow Aqua on Facebook at
facebook.com/MyAquaAmerica and on Twitter at @MyAquaAmerica.
WTRG
Aqua AmericaDonna AlstonO: 610-645-1095M:
484-368-4720DPAlston@AquaAmerica.com
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