Aqua America to Spend $450 Million on Critical Water Infrastructure Upgrades in 2017
May 16 2017 - 8:30AM
Business Wire
During Infrastructure Week, water and
wastewater utility highlights significant investment in upgrading
its systems
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 drinking water
- 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constantly repairing and replacing old, outdated facilities, water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.
WTRG
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Aqua AmericaStacey Hajdak, 610-520-6309M:
267-294-1866SMHajdak@AquaAmerica.com
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