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Illinois American Water President Justin Ladner today announced the Company s acquisition of the Four Lakes Village Condominium Homeowners Association (Four Lakes) water distribution system. The purchase adds 57 connections serving approximately 1,300 households in Lisle, Ill. to Illinois American Water s Chicago Metro service area.
The Illinois Commerce Commission (ICC) recently approved the sale for $900,000. The sale was completed today. We re excited to grow our footprint in the Chicago Metro area, said Ladner. We will partner closely with the building owners and managers to serve the residents of this vibrant and diverse residential community.
Illinois American Water plans to begin making upgrades to the distribution system this month with the installation of new Advanced Metering Infrastructure (AMI) meters in each building. Previously the complex used one master meter to measure water usage and conduct billing.