{"id":753213,"date":"2023-05-01T16:27:29","date_gmt":"2023-05-01T20:27:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/"},"modified":"2023-05-01T16:27:29","modified_gmt":"2023-05-01T20:27:29","slug":"essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/","title":{"rendered":"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase <\/b><b>Greenville Wastewater System for $18 Million<\/b><\/p>\n<p><i>Transaction builds on more than $362.2 million in current purchase agreements for water and wastewater systems for Essential Utilities<\/i><\/p>\n<p>BRYN MAWR, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEssential Utilities Inc. (NYSE: WTRG) today announced its Aqua Pennsylvania subsidiary signed a purchase agreement to acquire the wastewater system in Greenville, PA for $18 million. The wastewater sale is expected to close in the first quarter of 2024.<\/p>\n<p>\nThe wastewater collection network and treatment plant in Mercer County is currently operated by the Greenville Sanitation Authority and has over 2,300 customer connections, and serves over 1,700 additional customers in West Salem and Hempfield Townships.<\/p>\n<p>\n\u201cThe reality is that our [wastewater] plant needed a $35 to $40 million rebuild, and that was beyond our means,\u201d said Greenville Sanitary Authority Board Chair Jonathan Bailey. \u201cAlso, our strong attention to day-to-day operations doesn&#8217;t create enough improvement to satisfy the consent order we have with the Pennsylvania Department of Environmental Protection. We needed an expert with the resources and expertise to fix the issues and prevent them from ever coming back. We considered a number of options \u2014 we are confident Aqua is this expert. We are now able to avoid a costly rebuild. This is an ideal solution to a very serious situation.&#8221;<\/p>\n<p>\nThe transaction builds on Essential\u2019s regional expansion strategy, which delivers growth by investing in infrastructure that delivers clean, safe, reliable natural resources to residential and business customers, including water and wastewater services.<\/p>\n<p><b>More than $20 million of planned investments in 10 years<\/b><\/p>\n<p>\nEssential plans to invest $20 million in 10 years to bring the wastewater treatment plant into compliance with state and Federal regulations, avoiding the complete system rebuild originally estimated at $35 to 40 million. The company will also replace collection system pipes to improve reliability, increase plant capacity, and improve performance.<\/p>\n<p>\nAll existing employees at the Greenville facility will be offered jobs with the company when the acquisition closes, pending the company\u2019s standard hiring practices.<\/p>\n<p>\n&#8220;We have a strong track record of using our operational expertise, scale and technical resources to support municipalities like Greenville,&#8221; said Essential Chairman and CEO Chris Franklin. &#8220;We are deeply committed to our customers in Mercer County, and we are well-positioned to make necessary investments to ensure safe and reliable service for local residents.&#8221;<\/p>\n<p>\nThe Greenville wastewater system is the first purchase agreement to be signed by Aqua Pennsylvania this year. Including Greenville wastewater, Essential\u2019s Aqua companies have signed eight purchase agreements for nine water and wastewater systems. Together these systems represent nearly 219,000 equivalent retail customers or equivalent dwelling units with more than $380 million in purchase price. In 2022, the company acquired three water and wastewater systems, which added approximately $120 million in rate base and more than 23,000 new customers or equivalent dwelling units to the company\u2019s footprint.<\/p>\n<p><b>About Essential<\/b><b>Utilities<\/b><\/p>\n<p>\nEssential Utilities, Inc. (NYSE: WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater, and natural gas, Essential is committed to sustainable growth, operational excellence, a superior customer experience, and premier employer status. We are advocates for the communities we serve, donating more than $4 million each year, and are dedicated stewards of natural lands, protecting more than 7,600 acres of forests and other habitats throughout our footprint.<\/p>\n<p>\nOperating as the Aqua and Peoples brands, Essential serves approximately 5.5 million people across 10 states. Essential is one of the most significant publicly traded water, wastewater service and natural gas providers in the U.S. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.essential.co&amp;esheet=53390854&amp;newsitemid=20230501005534&amp;lan=en-US&amp;anchor=www.essential.co&amp;index=1&amp;md5=ba6f049257d8be4e52b58365c1d06141\">www.essential.co<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cestimates\u201d, \u201cwill\u201d and similar expressions. The Company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent its views only as of today and should not be relied upon as representing its views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company\u2019s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to statements relating to the capital to be invested by the water, wastewater, and gas distribution divisions of the Company. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the factors discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which is filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with The Company\u2019s business, please refer to the Company\u2019s annual, quarterly and other SEC filings. The Company is not under any obligation &#8211; and expressly disclaims any such obligation &#8211; to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.<\/p>\n<p>\nWTRGF<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230501005534r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230501005534\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230501005534\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Jeanne Russo<br \/>\n<br \/>Vice President, Communications<br \/>\n<br \/>Media Hotline: 1.877.325.3477<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media@Essential.co\">Media@Essential.co<\/a><\/p>\n<p><b>Investor:<br \/>\n<\/b><br \/>Brian Dingerdissen<br \/>\n<br \/>Vice President, IR and Treasurer<br \/>\n<br \/>O: 610.645.1191<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:BJDingerdissen@Essential.co\">BJDingerdissen@Essential.co<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Natural Resources Energy Other Natural Resources Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230501005534\/en\/832266\/3\/Essential_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million Transaction builds on more than $362.2 million in current purchase agreements for water and wastewater systems for Essential Utilities BRYN MAWR, Pa.&#8211;(BUSINESS WIRE)&#8211; Essential Utilities Inc. (NYSE: WTRG) today announced its Aqua Pennsylvania subsidiary signed a purchase agreement to acquire the wastewater system in Greenville, PA for $18 million. The wastewater sale is expected to close in the first quarter of 2024. The wastewater collection network and treatment plant in Mercer County is currently operated by the Greenville Sanitation Authority and has over 2,300 customer connections, and serves over 1,700 additional customers in West Salem and Hempfield Townships. \u201cThe reality is that our [wastewater] plant needed a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-753213","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million Transaction builds on more than $362.2 million in current purchase agreements for water and wastewater systems for Essential Utilities BRYN MAWR, Pa.&#8211;(BUSINESS WIRE)&#8211; Essential Utilities Inc. (NYSE: WTRG) today announced its Aqua Pennsylvania subsidiary signed a purchase agreement to acquire the wastewater system in Greenville, PA for $18 million. The wastewater sale is expected to close in the first quarter of 2024. The wastewater collection network and treatment plant in Mercer County is currently operated by the Greenville Sanitation Authority and has over 2,300 customer connections, and serves over 1,700 additional customers in West Salem and Hempfield Townships. \u201cThe reality is that our [wastewater] plant needed a &hellip; Continue reading &quot;Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-01T20:27:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230501005534r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million\",\"datePublished\":\"2023-05-01T20:27:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\\\/\"},\"wordCount\":899,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230501005534r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\\\/\",\"name\":\"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million - 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(NYSE: WTRG) today announced its Aqua Pennsylvania subsidiary signed a purchase agreement to acquire the wastewater system in Greenville, PA for $18 million. The wastewater sale is expected to close in the first quarter of 2024. The wastewater collection network and treatment plant in Mercer County is currently operated by the Greenville Sanitation Authority and has over 2,300 customer connections, and serves over 1,700 additional customers in West Salem and Hempfield Townships. \u201cThe reality is that our [wastewater] plant needed a &hellip; Continue reading \"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-01T20:27:29+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230501005534r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million","datePublished":"2023-05-01T20:27:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/"},"wordCount":899,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230501005534r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-pennsylvania-agrees-to-purchase-greenville-wastewater-system-for-18-million\/","name":"Essential Utilities\u2019 Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million - 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