Aqua Pennsylvania Takes Steps to Close on Limerick’s Wastewater System Purchase Following Joint Settlement Agreement
The transaction will be the second application Aqua Pennsylvania will ask the PUC to consider since the commonwealth enacted Act 12, fair market valuation legislation.
The new law encourages consolidation in a fragmented industry that benefits customers, the environment, and local governments. The legislation allows Aqua and other regulated utilities to pay a fair market value that will benefit customers by leveraging compliance expertise, purchasing power gained through economies of scale and operational efficiencies to benefit local systems’ infrastructure and service.
This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 including, among
others: the company’s ability to grow its customer base and to acquire
additional water and wastewater systems. There are important factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements including:
general economic business conditions, the successful integration of the
customers and the facilities, the success of the company’s growth
efforts including its ability to utilize Act 12, and other factors
discussed in our Annual Report on Form 10-K, which is on file with the