Pennsylvania American Water, A Subsidiary Of American Water Signs Agreement To Purchase Greene County Water System Assets For $5M
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Pennsylvania American Water, a subsidiary of American Water (NYSE:AWK), has signed an agreement to purchase the water system assets of East Dunkard Water Authority for $5 million. The acquisition will expand the company's footprint to 38 counties across Pennsylvania. The company plans to invest more than $17 million in the system to improve the water treatment plant and overall system reliability.
July 24, 2023 | 8:31 pm
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American Water's subsidiary's acquisition of East Dunkard Water Authority's assets for $5 million will expand its footprint in Pennsylvania. The company also plans to invest over $17 million to improve the system's reliability.
The acquisition of East Dunkard Water Authority's assets by Pennsylvania American Water, a subsidiary of American Water, will expand the company's footprint in Pennsylvania. This expansion could potentially increase the company's customer base and revenues. The planned investment of over $17 million to improve the system's reliability could also enhance the company's reputation and customer satisfaction, potentially leading to a positive impact on the company's stock price.
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