Aqua Water Privatization News Articles

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

Aqua America Says Ohio’s New Municipal Fair Market Value Legislation is a Benefit to Communities and Utility Customers Alike

Aqua America Inc. (NYSE: WTR) today said legislation signed into law this month by Ohio Gov. John Kasich will allow companies like Aqua to pay a fair market value for the purchase of water and wastewater systems, benefiting local governments, customers and the environment. Before these changes, system values were determined by their depreciated original… Read more »

Aqua America Subsidiary Acquires Tredyffrin Township Municipal Authority’s Valley Creek Trunk Sewer System

Aqua America Inc. (NYSE: WTR) announced today that Aqua Resources Inc., its unregulated subsidiary, acquired the Valley Creek Trunk Sewer System, serving area municipalities, from the Tredyffrin Township Municipal Authority for $28.3 million. The Valley Creek Trunk Sewer System receives untreated wastewater from Easttown, East Whiteland, Willistown and Tredyffrin Townships, Malvern Borough and the Valley… Read more »

Aqua Pennsylvania Closes Purchase of East Bradford Wastewater System

Aqua America Inc. (NYSE: WTR) announced today that its Pennsylvania subsidiary acquired the nearly 1,250-connection wastewater assets of East Bradford Township, Chester County for $5 million, marking Aqua Pennsylvania’s second acquisition to close under fair market valuation legislation, which encourages consolidation in a fragmented water and wastewater industry and allows resources to be shared among… Read more »

Aqua Pennsylvania Reaches Asset Purchase Agreement with East Norriton Township to Acquire Wastewater System

Aqua America Inc. (NYSE: WTR) announced today its Pennsylvania subsidiary has signed an agreement with East Norriton Township, Montgomery County to acquire its wastewater assets, serving roughly 4,950 wastewater connections, for $21 million. The agreement falls under Pennsylvania’s Act 12 fair market value legislation. Act 12 encourages consolidation in a fragmented water and wastewater industry,… Read more »

Aqua America Announces Agreement to Acquire Peoples

Resulting company will create leading, Pennsylvania-headquartered regulated water and natural gas infrastructure company The resulting company will: Serve 1 million water utility customer connections and more than 740,000 gas utility customer connections Have projected annual rate base growth of 7 percent water and 8 to 10 percent natural gas through 2021 Retain corporate and water… Read more »

Aqua America Releases Inaugural Corporate Social Responsibility Report

Utility acts to further reduce environmental footprint, highlights achievements Aqua America Inc. (NYSE: WTR) today issued its corporate social responsibility report, highlighting the company’s standards for sustainable business practices, environmental performance, employee safety, customer experience and community engagement. The report marks the first CSR report by the company, which had previously released sustainability reports on… Read more »

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 »