Essential Utilities Aqua Pennsylvania Subsidiary Acquires the Municipal Wastewater Assets of East Whiteland Township
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Essential Utilities Aqua Pennsylvania Subsidiary Acquires the Municipal Wastewater Assets of East Whiteland Township
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Aqua Pennsylvania Reaches Agreement With East Whiteland Twp. to Purchase Municipal Wastewater Assets
January 13, 2021 GMT
BRYN MAWR, Pa. (BUSINESS WIRE) Jan 13, 2021
Essential Utilities Inc. (NYSE:WTRG) announced today that its Pennsylvania wastewater subsidiary has signed an asset purchase agreement with East Whiteland Township, Chester County to acquire the municipality’s wastewater assets for approximately $55 million. The pending transaction is subject to Pennsylvania Public Utility Commission approval.
East Whiteland Township’s wastewater system serves approximately 8,200 customer-equivalents including residential and commercial connections. The system is comprised of 57 miles of collection mains and 13 pump stations. The collection system accepts waste from the neighboring municipalities of Malvern Borough and Charlestown Township. Its waste passes through Aqua’s Valley Cre
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Essential Utilities Inc. (NYSE: WTRG) today announced its largest subsidiary, Aqua Pennsylvania, acquired the wastewater assets of New Garden Township, serving approximately 2,100 customer connections in southeast Pennsylvania’s Chester County.
“This purchase, like other wastewater systems we’ve purchased recently, is part of Aqua’s efforts to do its part to strengthen wastewater infrastructure for communities in the states we serve, which means improved service and environmental stewardship for generations to come,” said Essential CEO Christopher Franklin.
“We’re very pleased to welcome New Garden Township residential and business customers to the Aqua family and look forward to providing them the highest level of service and value,” said Aqua Pennsylvania Wastewater President Marc Lucca. “We hope more communities take advantage of the benefits the fair market value legislation can brin