Pennsylvania American Water announced that it has agreed to the obligations of an agreement to purchase the wastewater system assets of the Towamencin Municipal Authority.
The Towamencin Municipal Authority serves more than 6,300 wastewater customers. The American Water subsidiary will purchase all the assets related to the authority’s wastewater system.
Pennsylvania American Water currently provides water and wastewater services to approximately 2.4 million people in the Commonwealth.
“We are very pleased that Pennsylvania American Water will be our new wastewater partner,” said Chuck Wilson, chairman of the Towamencin Township board of supervisors. They are widely regarded for their operation of wastewater systems, customer service, and environmental stewardship.”
Pennsylvania American Water will seek all necessary approvals from its regulators and expects to close the transaction by mid-year 2024. The company’s rates are set by the Pennsylvania Public Utility Commission (PUC), and any future rate changes would have to be reviewed and approved by the PUC.
“As the Commonwealth’s largest water and wastewater provider, we have a proven history of working collaboratively with local partners to deliver the best long-term solution for their water and wastewater utility services,” said Pennsylvania American Water President Justin Ladner. “We are well positioned to leverage our resources and expertise to address the needs of this community and look forward to welcoming new customers into a region we have long served.”