PA water utility acquires rural water authority
Pennsylvania American Water completes acquisition of Sligo Borough Authority in Clarion County. Over 380 customers are welcomed to utility serving over two million in 368 PA communities...
MCMURRAY, Pa., Aug. 31, 2004 (PRNewswire) -- Pennsylvania American Water, the state's largest regulated public water utility, announced today that it 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," said Ross. "Pennsylvania American Water is proud to be a partner in bettering the quality of life in northwestern Pennsylvania."
A new, $21 million, state-of-the-art water treatment plant in Clarion has been integral to Pennsylvania American Water's growth toward becoming the regional water supplier for Clarion County, including Sligo Borough and surrounding areas. Construction of the new, expanded plant in Clarion and related facilities was supported by a $9.3 million low-interest, Pennsylvania Infrastructure Investment Authority (Pennvest) loan and $13.4 million in revenue bonds from the Clarion County Industrial Development Authority.
State Representative Fred McIlhattan (R-Clarion) and State Senator Mary Jo White (R-Clarion) were instrumental in securing funds to bring a first-class water treatment facility to the region. The plant ensures a reliable supply of high-quality water for the future -- particularly to those communities, such as Sligo, that previously struggled with inadequate supplies.
Pennsylvania American Water is part of RWE/Thames Water. With a history of over 100 years, American Water provides high quality water, wastewater, and other related services. The company's Americas Region serves 20 million customers in 29 states, 3 Canadian provinces, Puerto Rico, and Chile. RWE/Thames Water is the water division of RWE and is the third largest water and wastewater services company in the world. It serves almost 70 million people in over 20 countries.
"In Sligo, we are desperately looking forward to having good drinking water," said Mayor Mark E. Rummel. "We have been troubled for years with inadequate, sub-par water. It will be a treat to have a good drink of tap water or to be able to do laundry without it getting stained." Rummel also commends Pennsylvania American for its support throughout the acquisition. "The process was very smooth. Pennsylvania American guided us step by step. Representatives were attentive, cooperative, and genuinely helpful."
Sligo and Piney Township customers will benefit from American Water's customer service center, which is staffed with customer service representatives 24 hours a day, seven days a week. Customers can also take advantage of Pennsylvania American's convenient payment options, including the company's Automatic Payment Program, whereby customers can save time and money by paying for their water bill directly from their checking or savings account.
"Pennsylvania American Water is known for its tradition of quality and commitment in water and wastewater services throughout Pennsylvania. We are pleased to extend these same standards of excellence to our newest customers in Sligo Borough and Piney Township," said Ross.
bout Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, provides reliable, quality water and wastewater services to over 2 million people in the Commonwealth. The company owns and operates 38 water treatment facilities, three wastewater facilities and approximately 8,900 miles of pipeline to serve customers in over 368 communities in 35 counties.
About American Water
With a history of over 100 years, American Water provides high quality water, wastewater, and other related services. As part of RWE/Thames Water, the Americas Region serves 20 million customers in 29 states, 3 Canadian provinces, Puerto Rico, and Chile. RWE/Thames Water is the water division of RWE and is the third largest water and wastewater services company in the world. It serves almost 70 million people in over 20 countries. Additional information can be found on the Internet at www.amwater.com. American Water and RWE/Thames Water, through their combined expertise, continue the tradition of providing customers with superior quality service while gaining access to new technologies, research and development, and global experience in service, customer satisfaction, and security.