Silver Creek Water Utility members approve acquisition by Indiana American Water

Indiana American Water announced that members of the Silver Creek Water Corporation have voted in favor of the subsidiary acquiring Silver Creek’s water utility.

Silver Creek Water recently notified its membership that nearly 74% of the members that cast ballots voted yes in favor of the acquisition.

“Indiana American Water already provides high-quality water to our system, and we’re confident that they will continue to provide excellent service to our current and future customers,” said Silver Creek Water Corporation Board President Doug Chumbler. “The sale to Indiana American Water will also provide several benefits, including long-term rate stability, access to capital, a commitment to operating efficiently, and the ability to leverage its size and buying power to procure goods and services less expensively.”

American Water and Silver Creek Water have entered into a signed agreement for the acquisition. If approved by the Indiana Utility Regulatory Commission, approximately 8,000 water customers would be added to Indiana American Water’s service footprint.