BRYN MAWR, Pa., Aug. 25, 2000 (BUSINESS WIRE) -- Philadelphia Suburban Corporation today announced that its Consumers Illinois Water Company subsidiary will purchase the Ivanhoe water and wastewater systems, which provide water and wastewater service to approximately 400 residents in the gated golf community and golf clubhouse called Ivanhoe, near Chicago.
The acquisition of the recently built water and wastewater systems is the seventh growth venture announced by PSC this year and the first for Consumers Illinois Water Company.
Due to the complexity of running the water and wastewater systems, Ivanhoe requested that Consumers Illinois Water Company operate the systems and will transfer ownership and full responsibility once final approval by the Illinois Commerce Commission is received. Approval is anticipated before the end of the year. The original cost of the water system is approximately $2 million.
The Ivanhoe acquisition is the seventh growth venture PSC has announced this year for the entire company, which has operations in Illinois, Pennsylvania, Ohio, Maine and New Jersey.
Earlier this month, subsidiaries of the company acquired the Summit County water system in the City of Green, Ohio, and the White Horse Village retirement community water system in Edgment Township, Pa.
For more information, visit Philadelphia Suburban's web site.
