Pennsylvania American Water, A Subsidiary Of American Water Signs Agreement To Purchase Farmington Township's Water And Wastewater Systems For $5.545M
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Pennsylvania American Water, a subsidiary of American Water (NYSE:AWK), has signed an agreement to purchase Farmington Township's water and wastewater systems for $5.545 million. The company plans to invest over $3 million for system improvements.
June 08, 2023 | 8:52 pm
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American Water's subsidiary, Pennsylvania American Water, acquires Farmington Township's water and wastewater systems for $5.545 million, with plans to invest $3 million in system improvements.
The acquisition of Farmington Township's water and wastewater systems by Pennsylvania American Water, a subsidiary of American Water, will expand the company's customer base and potentially increase revenues. The planned $3 million investment in system improvements demonstrates the company's commitment to providing high-quality services, which could positively impact its reputation and stock price in the short term.
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