New York American Water Acquires Beaver Dam Lake Water Corp. in Orange County
Dateline City:
MERRICK, N.Y.
State's largest Investor-Owned Water Utility Continues Growth in the Hudson Valley
MERRICK, N.Y.--(BUSINESS WIRE)--New York American Water today announced that it has signed an agreement
to purchase the New Windsor, NY-based Beaver Dam Lake Water Company. The
water system acquisition agreement has been forwarded to the New York
State Public Service Commission and other regulatory agencies for
approval. New York American Water will provide the system’s 155 customer
accounts located in the Towns of Cornwall and New Windsor with water
service. Financial terms of the sale were not disclosed. This
acquisition continues the expansion of the company’s operations in the
state’s Hudson River Valley Region.
“We bring a wealth of customer-focused operational and engineering
resources, as well as the considerable financial and technical strength
of our national parent, American Water,” said Brian Bruce, president of
New York American Water. “We are committed to make the necessary capital
investment to ensure our new customers in Cornwall and New Windsor
receive water service that meets and routinely surpasses state and
federal water standards.”
New York American Water, a subsidiary of American Water (NYSE: AWK), is
the largest investor-owned water company in New York, providing
high-quality and reliable water and/or wastewater services to
approximately 350,000 people. American Water is the largest and most
geographically diverse publicly traded U.S. water and wastewater utility
company. Marking its 130th anniversary this year, the company employs
6,700 dedicated professionals who provide regulated and market-based
drinking water, wastewater and other related services to an estimated 15
million people in 47 states and Ontario, Canada. More information can be
found by visiting www.amwater.com.
Language:
English
Contact:
New York American Water
Peter A. Eschbach, 856-782-2316
peter.eschbach@amwater.com
Ticker Slug:
Ticker: AWK Exchange: NYSE
State's largest Investor-Owned Water Utility Continues Growth in the Hudson Valley
MERRICK, N.Y.--(BUSINESS WIRE)--New York American Water today announced that it has signed an agreement to purchase the New Windsor, NY-based Beaver Dam Lake Water Company. The water system acquisition agreement has been forwarded to the New York State Public Service Commission and other regulatory agencies for approval. New York American Water will provide the system’s 155 customer accounts located in the Towns of Cornwall and New Windsor with water service. Financial terms of the sale were not disclosed. This acquisition continues the expansion of the company’s operations in the state’s Hudson River Valley Region.
“We bring a wealth of customer-focused operational and engineering resources, as well as the considerable financial and technical strength of our national parent, American Water,” said Brian Bruce, president of New York American Water. “We are committed to make the necessary capital investment to ensure our new customers in Cornwall and New Windsor receive water service that meets and routinely surpasses state and federal water standards.”
New York American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water company in New York, providing high-quality and reliable water and/or wastewater services to approximately 350,000 people. American Water is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. Marking its 130th anniversary this year, the company employs 6,700 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found by visiting www.amwater.com.
New York American Water
Peter A. Eschbach, 856-782-2316
peter.eschbach@amwater.com