Aqua America to Spend $450 Million on Critical Water Infrastructure Upgrades in 2017
During Infrastructure Week, water and wastewater utility highlights
significant investment in upgrading its systems
BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America (Aqua) is recognizing Infrastructure Week, May 15-19, 2017,
to help raise awareness about the significant need for investment in the
United States' water infrastructure. With plans to invest $450 million
in 2017, Aqua will help rebuild and replace water infrastructure in the
communities it serves. Projects are planned across all eight of Aqua's
states to ensure clean and safe water reaches each customer.
Between 2012 and 2016, Aqua invested $1.5 billion in infrastructure
renewal, including replacement of more than 700 miles of water mains.
According to the American Water Works Association, an estimated $1
trillion is needed nationwide to maintain and expand drinking water
service over the next 25 years.
"As a leading water utility, our number one priority is delivering safe,
reliable drinking water to our customers," said Bill Ross, senior vice
president, engineering and environmental affairs. "Infrastructure Week
provides a great opportunity to increase awareness about the efforts
Aqua makes to replace aging infrastructure, enabling us to provide
quality water and reliable service."
The 2017 American Society for Civil Engineers Infrastructure Report Card
ranked the United States' drinking water and wastewater infrastructure
"D" and "D+" and illustrates the following challenges:
Drinking water is delivered via one million miles of pipes across the
country, but many of those pipes are approaching 100 years in age
There are an estimated 240,000 water main breaks per year in the
United States, wasting more than two trillion gallons of treated
It is estimated that leaky, aging pipes waste 14 to 18 percent of each
day's treated water, which could support 15 million households
Aqua's 2017 infrastructure investment plan includes replacing 150 miles
of water mains across eight states, helping to save billions of gallons
of water leaking from pipes and water mains.
"Aqua employees understand the challenges facing the nation over the
next few decades, and we work every day to do our part to help
revitalize the nation's infrastructure," said Ross. "Aqua is constantly
repairing and replacing old, outdated facilities, water mains, water and
wastewater plants, and well stations. Our intent is to continue this
commitment well into the future."
Aqua America is one of the largest U.S.-based, publicly traded water
utilities and serves nearly 3 million people in Pennsylvania, Ohio,
North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua
America is listed on the New York Stock Exchange under the ticker symbol
WTR. Visit AquaAmerica.com
for more information, or follow Aqua on Facebook at facebook.com/MyAquaAmerica
and on Twitter at @MyAquaAmerica.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170516005357/en/
Stacey Hajdak, 610-520-6309
Source: Aqua America
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