Pennsylvania American Water Completes Acquisition of the Corner Water Supply and Service Corporation Water 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
MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water today completed its acquisition of the Corner Water Supply and Service Corporation (Corner Water) water system for $250,000. The newly acquired water system serves approximately 450 customer connections in Shippenville, Clarion County. Pennsylvania American Water already provides wastewater service to nearly all of these customers.“Many of the former Corner Water customers know Pennsylvania American Water as their trusted wastewater service provider, and now we’re excited to have the opportunity to welcome them as new water customers as well,” said Pennsylvania American Water President Justin Ladner. “Soon, we’ll connect these customers to our Clarion system, delivering the benefits of regionalization and improved reliability. Our goal is safe, clean, reliable and affordable water backed by decades of expertise.”Over the next five years, Pennsylvania American Water plans to invest more than $4.3 million in improvemen
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