New Jersey American Water Signs Agreement to Purchase Mount Ephraim Sewer System
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
Acquisition Will Add 1,800 New Wastewater Customers VOORHEES, N.J.--(BUSINESS WIRE)-- New Jersey American Water announced today it has signed an agreement to acquire the wastewater assets of the Borough of Mount Ephraim, N.J. for approximately $1.4 million. This municipal-owned sewer system serves approximately 1,800 customers, most of whom already receive water service from New Jersey American Water. The agreement follows a voter referendum that took place in November, in which approximately 80 percent of voters approved the sale of the system to New Jersey American Water. “Water and sewer is all we do, and as Mount Ephraim’s water company for more than a decade and a water provider to the area for over 90 years, we are deeply committed to making the needed improvements to ensure the community’s sewer service is as clean, safe, reliable and affordable as the water service we provide,” said Deb D
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