Aqua Water Privatization News Articles

BRYN MAWR, Pa.–(BUSINESS WIRE)–Jan. 28, 2021– Essential Utilities Inc. (NYSE:WTRG) announced today that its Pennsylvania wastewater subsidiary has signed an asset purchase agreement (APA) with Willistown Township, Chester County to acquire the municipality’s wastewater assets for $17.5 million. The pending transaction is subject to Pennsylvania Public Utility Commission approval. Willistown serves approximately 2,300 customer-equivalents including… Read more »

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… Read more »

Fair market value transaction yields 2,100 connections in Chester County BRYN MAWR, Pa.–(BUSINESS WIRE)–Dec. 22, 2020– 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,… Read more »

Interactive microsite shares environmental, social and governance efforts BRYN MAWR, Pa.–(BUSINESS WIRE)–Oct. 20, 2020– Essential Utilities Inc. (NYSE:WTRG) published its 2019 Environmental, Social, and Governance or ESG report today. The report is published as an interactive microsite and is available at esg.essential.co. It follows a number of leading reporting frameworks, including those set out by… Read more »

BRYN MAWR, Pa.–(BUSINESS WIRE)–Sep. 24, 2020– Aqua Pennsylvania announced today it has signed an asset purchase agreement with Lower Makefield Township to acquire the municipality’s wastewater assets for $53 million. The pending transaction is subject to Pennsylvania Public Utility Commission approval. Lower Makefield Township has a population of approximately 32,600 people in Bucks County, Pennsylvania…. Read more »

Essential emphasizes need for ongoing infrastructure investment during United for Infrastructure Week BRYN MAWR, Pa.–(BUSINESS WIRE)–Sep. 10, 2020– Essential Utilities Inc. (NYSE: WTRG) recognizes United for Infrastructure 2020: A Week to Champion America’s Infrastructure (Sept. 14-21) by raising awareness of the country’s critical need for infrastructure improvements and reporting progress on its planned approximately $950 million… Read more »

BRYN MAWR, Pa.–(BUSINESS WIRE)–Aug. 3, 2020– Essential Utilities Inc. (NYSE: WTRG) today announced that its Aqua Texas water utility has signed an agreement with The Commons Water Supply, Inc. to purchase the company’s water treatment and distribution system in The Commons of Lake Houston in Huffman, Texas. The system serves more than 1,000 homes in… Read more »

Aqua Pennsylvania Wastewater closes purchase of the East Norriton system BRYN MAWR, Pa.–(BUSINESS WIRE)–Jun. 22, 2020– Essential Utilities Inc. (NYSE: WTRG) announced today its Pennsylvania subsidiary acquired the approximately 5,000-connection wastewater assets of East Norriton Township in Montgomery County for $21 million. “We’re pleased to add the East Norriton community to our growing wastewater footprint… Read more »

BRYN MAWR, Pa.–(BUSINESS WIRE)–Apr. 23, 2020–Essential Utilities Inc. (NYSE: WTRG) today said new legislation in Virginia will allow regulated water utilities 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 cost, which… Read more »

Company also closes previously announced financing from CPP Investments BRYN MAWR, Pa.–(BUSINESS WIRE)– Essential Utilities Inc. (NYSE:WTRG) announced today it has successfully completed the acquisition of Peoples, a Pittsburgh-based natural gas distribution company, in an all-cash transaction that reflects an enterprise value of $4.275 billion, including the assumption of approximately $1.1 billion of debt. As… Read more »