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Essential Utilities Reports Financial Results For 2020


Posted on
9021
Essential Utilities Inc. (NYSE: WTRG), today reported results for the fourth quarter and year ended Dec. 31, 2020.
“2020 marks another remarkable year in our company’s history. We changed our name, acquired Peoples, reported another year of operational excellence and strong growth and invested a record amount in infrastructure,” said Essential Chairman and Chief Executive Officer Christopher Franklin. “These accomplishments during a year filled with so many challenges are what allowed us to remain strong and dedicated to our mission of providing essential natural resources to our customers.”
“As we look to 2021, I am confident that we have positioned ourselves to play a critical role in solving our country’s infrastructure challenges while recognizing our responsibility to be an industry leader in protecting our environment,” said Franklin. ....

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Aqua Pennsylvania Reaches Agreement With East Whiteland Twp. to Purchase Municipal Wastewater Assets


Press release content from Business Wire. The AP news staff was not involved in its creation.
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 A ....

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Essential Utilities Announces 2021 Guidance


Posted on
457
Essential Utilities Inc. (NYSE: WTRG) today announces 2021 guidance including an update on the company’s municipal acquisition program and ESG objectives.
“Thanks to the dedicated team of Essential employees, 2020 was another strong year for operational excellence and growth despite the challenges posed by the pandemic,” said Essential Chairman and Chief Executive Officer Christopher Franklin. “As we turn to 2021, the company remains strong and dedicated to our mission of providing essential natural resources to our water, wastewater and natural gas customers. We are also confident in our ability to drive growth in earnings while committing to significant reductions in Essential’s overall environmental footprint.” ....

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