Illinois American Water Acquires City of Grafton Wastewater System
May 26 2016 - 1:02PM
Business Wire
Acquisition will add about 400 new customers
in Alton District
Illinois American Water President Bruce Hauk, today announced
the Company’s acquisition of the City of Grafton wastewater system,
near Alton in southern Illinois. The purchase of the system adds
approximately 400 customers to the Company’s customer base in the
Alton District and serves a population of nearly 670 residents.
Illinois American Water is familiar with the City of Grafton,
and vice versa. Illinois American Water began its partnership with
the City in September 2010, providing water to Grafton on a
sale-for-resale (wholesale) basis. Illinois American Water acquired
the local water system in August 2013. Based on the continued
positive public-private partnership, the community entered into a
wastewater service contract in March 2015 and Illinois American
Water began operating that system. Today, Illinois American Water
acquired the wastewater system.
"We have a strong track record in Grafton and the surrounding
area. Our team’s level of customer service and commitment to the
community has enabled City leadership to entrust us with providing
critical service for public health, safety and economic
development.” said Bruce Hauk, president of Illinois American
Water. “We take this responsibility seriously and look forward to
continuing to serve Grafton. With this acquisition, we will expand
our wastewater service footprint and help ensure local residents
have access to a reliable wastewater service for years to
come.”
Grafton Mayor Tom Thompson is also enthusiastic in his support
of the acquisition. “We are pleased to continue our positive
working relationship with Illinois American Water. They are a true
member of our community. Their expertise and ability to provide
both water and wastewater service to Grafton residents is a benefit
for today and our future.”
The acquisition of the Grafton wastewater system for $600,000
was approved by the Illinois Commerce Commission on May 4, 2016.
The sale was closed by Illinois American Water and the City of
Grafton today. The Grafton wastewater system will be incorporated
into the company’s Alton District, which currently serves residents
in Alton, Godfrey and Elsah. Jersey County Rural Water, Fosterburg
Water District, Brighton and Forest Homes-Maple Park are wholesale
customers.
Customers will receive an Illinois American Water welcome packet
in the mail. Their first combined Illinois American Water
wastewater and water bill will be received approximately 30 days
after closing.
About Illinois American Water – Illinois American Water,
a 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 1.2
million people. American Water also operates a customer service
center in Alton and a quality control and research laboratory in
Belleville.
American Water is the largest and most geographically diverse
publicly traded U.S. water and wastewater utility company. Marking
its 130th anniversary this year, the company employs 6,700
dedicated professionals who provide regulated and market-based
drinking water, wastewater and other related services to an
estimated 15 million people in 47 states and Ontario, 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/20160526006202/en/
Illinois American WaterTerry Mackin,
618-239-3218terry.mackin@amwater.com
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