Pennsylvania American Water Applies for East Dunkard Water Authority Acquisition Approval
American Water Works Company, Inc. (AWK)
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Source: Business Wire
Follows court directed takeover of operations by Pennsylvania American Water for needed system improvements MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water filed an application today with the Pennsylvania Public Utility Commission (PUC) seeking approval to acquire the East Dunkard Water Authority (EDWA) water system. Pennsylvania American Water signed an asset purchase agreement with EDWA to purchase its water system assets for $5 million in July 2023."Our application with the PUC is another milestone in restoring confidence among EDWA customers in the safety and reliability of their drinking water," said Justin Ladner, President of Pennsylvania American Water. "Under the court-ordered receivership, our team continues to make significant capital and operational improvements to bring the system into compliance."Pennsylvania American Water took over EDWA's operations on February 8, 2024, following a directive from the Commonwealth Court and with the approval of the P
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