Pennsylvania American Water Files Rate Request Driven by More Than $1.2 Billion in Ongoing Investment to Provide Safe, Clean, Reliable Service
Pennsylvania American Water today filed a request with the Pennsylvania Public Utility Commission (PUC) for new rates to support $1.2 billion in ongoing water and wastewater service system investments. The request reinforces the company’s commitment to implementing critical system upgrades and continuing to improve water quality and reliability for its more than 2.4 million people served statewide.
Pennsylvania American Water and Towamencin Township to Terminate the Sale of Wastewater System
Pennsylvania American Water (PAW) and Towamencin Township will begin the process of terminating the sale of the township’s wastewater system, subject to formal approval at Towamencin’s next Board of Supervisors’ meeting. On June 14, 2022, Towamencin executed an asset purchase agreement (APA) to sell the township’s wastewater system to NextEra Water Pennsylvania, LLC (NextEra Water). In March 2023, NextEra Water exited the transaction and Pennsylvania American Water agreed to step in as the buyer under essentially the same terms agreed to by NextEra Water. PAW acquired the rights to the APA effective March 24, 2023.
Pennsylvania American Water Announces Agreement to Assume Towamencin Acquisition Agreement
Pennsylvania American Water announced today its agreement to assume the obligations with respect to an agreement to purchase all the assets related to the wastewater system of the Towamencin Municipal Authority.
Pennsylvania American Water Signs Agreement to Purchase Elizabeth Borough Municipal Authority Wastewater System
Pennsylvania American Water, a subsidiary of American Water, announced today that it has signed an agreement with Elizabeth Borough Municipal Authority in Allegheny County to purchase its wastewater system assets for $28 million. The system serves approximately 2,200 customers within Elizabeth Borough, Elizabeth Township, Forward Township, and portions of Lincoln Borough.
Settlement Approved in Pennsylvania American Water Rate Request
The Pennsylvania Public Utility Commission (PUC) today approved the joint settlement agreement that was filed in Oct. 2022 by all active parties in the case, including the company, PUC Bureau of Investigation and Enforcement, Office of Consumer Advocate, Office of Small Business Advocate, large industrial customers and low-income customer advocates. In the filing, each of the involved parties indicated that the settlement and associated rates were fair, just, reasonable and in the public interest.
