New Jersey American Water's Haddonfield Acquisition Completed
May 21 2015 - 3:05PM
Business Wire
New Jersey American Water’s acquisition of the Borough of
Haddonfield’s water and wastewater system has been approved by the
New Jersey Board of Public Utilities, and the purchase was
completed today. New Jersey American Water will begin serving the
4,500 water and wastewater customers in Haddonfield immediately and
will complete its transition on June 1, 2015.
“New Jersey American Water is proud to serve the residents of
Haddonfield, and we are committed to delivering the same
high-quality, reliable water and wastewater service that we provide
for our customers across the state each day,” said William Varley,
president of New Jersey American Water. “New Jersey American Water
has a tradition of providing outstanding service to our customers,
being responsive to their concerns, and ensuring that their water
quality meets or surpasses state and federal standards.”
The company will also begin to make numerous upgrades to
Haddonfield’s water and wastewater infrastructure including
upgrading sewer pump stations and replacing water and sewer mains
that are nearing the end of their useful lives. New Jersey American
Water plans to invest approximately $6.5 million over the next year
to improve Haddonfield’s water and wastewater systems.
“Aging water and wastewater systems like Haddonfield’s face
significant challenges,” said Carmen Tierno, senior director of
Operations for New Jersey American Water. “We have worked with the
borough to identify the most critical needs of the water and
wastewater systems that need to be addressed and we have an
aggressive plan to make upgrades. Over the next five years, New
Jersey American Water will spend more than $16 million on system
modernization.”
To continue to provide an avenue for customer input, New Jersey
American Water is forming a citizens advisory panel comprised of
Haddonfield residents which will meet quarterly. The company will
also maintain Haddonfield’s senior benefits program for at least
the next 10 years.
New Jersey American Water, a wholly owned subsidiary of American
Water (NYSE: AWK), is the largest investor-owned water utility in
the state, providing high-quality and reliable water and/or
wastewater services to approximately 2.6 million people. Founded in
1886, American Water is the largest publicly traded U.S. water and
wastewater utility company. With headquarters in Voorhees, N.J.,
the company employs 6,400 dedicated professionals who provide
drinking water, wastewater and other related services to
approximately 15 million people in 47 states, as well as parts of
Canada. More information can be found by visiting
www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150521006337/en/
New Jersey American WaterRichard G. Barnes,
856-782-2371richard.barnes@amwater.comwww.newjerseyamwater.com
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