New York American Water Acquires Mill Neck Estates Water District in Nassau County
24 November 2015 - 5:55AM
Business Wire
State’s Largest Investor-Owned Water Utility
Continues Growth in Long Island
New York American Water today announced that it has signed an
agreement to purchase the Mill Neck Estates Water System in the
Village of Mill Neck, NY. The water system acquisition agreement
has been forwarded to the New York Public Service Commission for
approval. New York American Water will provide the system’s 93
customer accounts with water service. Financial terms of the sale
were not disclosed.
This acquisition continues the expansion of the company’s
operations within its historical Nassau County, Long Island
base.
“Increasingly stringent environmental regulations coupled with
the ongoing need to invest capital into a modern water system
creates significant obstacles for small systems with limited
resources,” said Brian Bruce, president of New York American
Water.
“Our new customers in Mill Neck Estates will benefit from our
operational and engineering expertise, as well as our commitment to
make the necessary capital investment to ensure water service that
meets and routinely surpasses state and federal water
standards.”
New York American Water, a subsidiary of American Water (NYSE:
AWK), is the largest investor-owned water company in New York,
providing high-quality and reliable water services to more than
350,000 people. Founded in 1886, American Water is the largest
publicly traded and most geographically diverse U.S. water and
wastewater utility company. With headquarters in Voorhees, N.J.,
the company employs more than 6,400 dedicated professionals who
provide drinking water, wastewater and other related services to
approximately 15 million people in 47 states, as well as parts of
Canada. More information can be found by visiting
www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151123006125/en/
New York American WaterPeter A. Eschbach,
856-782-2316peter.eschbach@amwater.com
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