Indiana American Water Acquires Riley Wastewater System in Western Indiana
American Water Works Company, Inc. (AWK)
Last american water works company, inc. earnings: 2/18 04:37 pm
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ir.amwater.com
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Source: Business Wire
GREENWOOD, Ind.--(BUSINESS WIRE)--Indiana American Water President Matt Prine today announced the company’s acquisition of the Town of Riley’s wastewater system in western Indiana. The purchase of the system adds approximately 460 wastewater customers to the company’s customer base, which represents a population of more than 1,240 residents.“The acquisition of this system will help hold rates down for Riley customers over the long term as needed investments are made and also provide access to operations and capital management water professionals and a number of customer service options and payment methods,” said Prine. “Indiana American Water already provides water service to Riley and several nearby communities, so this allows us to bring greater efficiencies to customers in Riley and across Indiana.”“In a time when communities are looking for new and innovative ways to deal with challenges they’re facing and hold the bottom-line on expenses, this acquisition is a great solution
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