Aqua Water Privatization News Articles

Read the latest news articles about Aqua and water privatization below:

With Peotone, Illinois Acquisition, Aqua America Celebrates 1 Million Customer-Connection Milestone

Aqua America Inc., one of the largest U.S.-based, publicly traded water utilities, today announced it has reached its 1 million customer-connection milestone with the purchase of Peotone Village’s water and wastewater systems by subsidiary Aqua Illinois. The purchase was finalized Oct. 1 and will result in the company welcoming nearly 3,000 new customer connections. “We… Read more »

Aqua Pennsylvania Closes Purchase of Limerick Wastewater System

BRYN MAWR, Pa.–Aqua America Inc. (NYSE: WTR) announced today its Pennsylvania subsidiary acquired the 5,400-connection wastewater assets of Limerick Township for $75 million, marking Aqua Pennsylvania’s first acquisition to close under Act 12, fair market valuation legislation. Act 12 encourages consolidation in a fragmented water and wastewater industry, allowing resources to be shared among a… Read more »

Passage of North Carolina fair market value legislation provides unique alternative for municipalities that own water, wastewater systems

BRYN MAWR, Pa.– Aqua America Inc. (NYSE: WTR) today said a new law enacted by the North Carolina General Assembly will allow regulated utilities to pay a fair market value for municipal water and wastewater systems. Similar legislation in other states has enabled municipal leaders selling their systems to regulated utilities to fund other municipal… Read more »

Aqua Illinois Completes Village of Manteno Wastewater System Acquisition

Aqua to provide lower wastewater rates, commits $7.5 million for capital investments BRYN MAWR, Pa. & MANTENO, Ill.– Aqua America Inc. (NYSE: WTR) and the Village of Manteno, Illinois announced today they have completed the acquisition of the village’s wastewater system, which serves more than 9,000 people through approximately 3,800 wastewater connections. Under the agreement,… Read more »

Aqua America CEO to Congressional Committee: Consolidation Helps Struggling Water Systems Improve Long-Term Infrastructure, Increase Environmental Stewardship

BRYN MAWR, Pa.– Aqua America’s CEO Chris Franklin will provide testimony today to the U.S. House of Representatives’ Transportation and Infrastructure Committee’s Subcommittee on Water Resources and the Environment. Among topics, Franklin will encourage partnerships and system consolidations. Franklin is also president-elect of the National Association of Water Companies, an association whose members provide water and wastewater service to 73… Read more »

Aqua America to Spend $450 Million on Critical Water Infrastructure Upgrades in 2017

BRYN MAWR, Pa.– Aqua America (Aqua) is recognizing Infrastructure Week, May 15-19, 2017, to help raise awareness about the significant need for investment in the United States’ water infrastructure. With plans to invest $450 million in 2017, Aqua will help rebuild and replace water infrastructure in the communities it serves. Projects are planned across all eight of Aqua’s states to… Read more »

Aqua America Completed 19 Acquisitions in 2016; Nine in 4Q

BRYN MAWR, Pa.– Aqua America, Inc. (NYSE: WTR) announced today that its growth efforts have provided the opportunity to serve approximately 25,000 more people with safe and reliable water and wastewater service. This equates to 6,558 more water and wastewater connections, which resulted from 19 acquisitions in 2016. Two of nine completed in the fourth… Read more »

Aqua America Completes Three Acquisitions in 2Q

BRYN MAWR, Pa.– Aqua America, Inc. (NYSE: WTR) announced today that its subsidiaries completed three acquisitions during the second quarter of 2016, Crystal Clear Water Company, Inc. serves 293 customer connections in unincorporated McHenry County, Illinois, adjacent to the City of Crystal Lake. The system was acquired under the provisions of the Illinois Water Systems… Read more »

Aqua Illinois Announces $32 Million Infrastructure Improvement Program for 2016

Kankakee, IL – Aqua Illinois (Aqua) today announced plans for $32 million in infrastructure improvements in Illinois throughout 2016. Aqua’s planned capital spending across its Illinois operating divisions includes: $15 million throughout its Kankakee division for water system upgrades to improve system reliability, water quality and fire protection, including: More than $9 million for distribution… Read more »

Aqua America Completes Seven Acquisitions, Adds More Than 4,700 Customer Connections in Q1

BRYN MAWR, Pa.– Aqua America, Inc. (NYSE: WTR) announced today that the company has completed seven acquisitions in Pennsylvania, Illinois, Indiana and North Carolina during the first quarter of 2016, adding 4,722 customer connections. Superior Water Company, Inc. is comprised of five water systems that serve 3,868 customer connections (approximately 11,000 people) in parts of… Read more »