Pennsylvania American Waterr, A Subsidiary Of American Water, Receives PUC Approval To Purchase Butler Area Sewer Authority Wastewater System For $230M
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Pennsylvania American Water, a subsidiary of American Water (NYSE:AWK), has received approval from the Pennsylvania Public Utility Commission to purchase the Butler Area Sewer Authority wastewater system for $230 million. The deal will expand the company's assistance programs and will require Pennsylvania American Water to make necessary treatment and collection system upgrades costing over $75 million. The acquisition is expected to close by the end of 2023.
November 10, 2023 | 12:06 am
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American Water's subsidiary's acquisition of the Butler Area Sewer Authority wastewater system for $230 million could lead to increased operational costs due to necessary system upgrades. However, it could also expand the company's customer base and service offerings.
The acquisition will require American Water to invest over $75 million in system upgrades, which could increase operational costs in the short term. However, the acquisition could also expand the company's customer base and service offerings, potentially leading to increased revenues in the long term.
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