HERSHEY, PA, JULY 12, 2018 — Pennsylvania American Water, a subsidiary of American Water has signed an settlement to accumulate the water and wastewater techniques of Turbotville Borough in Northumberland County. The acquisition value of roughly $1 million contains buying the water property of the Municipal Authority of the Borough of Turbotville and wastewater property from the Borough of Turbotville. The water system serves roughly 320 prospects within the Borough and a portion of Lewis Township, whereas the wastewater system offers service to roughly 290 prospects in Turbotville.
“The transaction represents one other key step towards offering a extra regional method to water and wastewater service, which not solely expands our buyer base but in addition will increase operational effectivity and capitalize on economies of scale,” mentioned Pennsylvania American Water President Jeffrey L. McIntyre. The corporate at present owns and operates the close by Milton water system, with practically 12,700 prospects, and the McEwensville water and wastewater techniques, with a mixed 260 prospects. The Milton and McEwensville techniques are lower than 4 miles from Turbotville.
Pennsylvania American Water and Borough officers will search approval of the acquisition from the Pennsylvania Public Utility Fee (PUC) and different mandatory approvals from the Pennsylvania Division of Environmental Safety. The corporate expects to shut the transaction as soon as regulatory approvals are obtained.
Underneath the acquisition settlement, the corporate plans to undertake the present water charges of the municipal authority, whereas the Borough agrees to enact Pennsylvania American Water’s Price Zone 1 wastewater charges when the transaction closes. The corporate’s charges are regulated by the PUC and future price modifications must be reviewed and accepted by the PUC.