Indiana American Water, A Subsidiary Of American Water, Acquires Sunset Village Water System In Southeast Indiana For $150,000
Portfolio Pulse from Benzinga Newsdesk
Indiana American Water, a subsidiary of American Water (AWK), has acquired the Sunset Village water system in southeast Indiana for $150,000. The acquisition adds approximately 100 water customers to the company's customer base. The move is expected to provide future rate stability for Sunset Village customers and expand the company's presence across Indiana.
October 31, 2023 | 8:52 pm
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POSITIVE IMPACT
American Water's acquisition of the Sunset Village water system through its subsidiary, Indiana American Water, expands its customer base and presence in Indiana. This could potentially lead to increased revenues and stability in the future.
The acquisition of the Sunset Village water system by American Water's subsidiary, Indiana American Water, directly expands the company's customer base and presence in Indiana. This could potentially lead to increased revenues and stability in the future, which is generally positive for the stock.
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IMPORTANCE 70
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