Pennsylvania American Water, the state's largest regulated public water utility, has completed the acquisition of the water assets of Sligo Borough Authority for $430,000.
As a result of the acquisition, Pennsylvania American Water will serve 387 customers in Sligo Borough and in Piney Township (Clarion County). Pennsylvania American now serves over two million people in 368 Pennsylvania communities.
Pennsylvania American Water President and CEO Robert M. Ross described the transaction as ideal for Sligo residents. "The more than 700 residents of Sligo and Piney Township will now enjoy high quality water from Pennsylvania American. Access to quality, reliable water not only enhances the quality of life for citizens when considering their daily tap water needs, but it supports greater economic development and commerce. This is good news for the region overall.”
Source: Pennsylvania American Water