Pennsylvania American Water to Acquire Pittston's Wastewater System for $26.4M, Invest $5M in Upgrades

Reuters
06-28
Pennsylvania American Water to Acquire Pittston's Wastewater System for $26.4M, Invest $5M in Upgrades

Pennsylvania American Water has announced an agreement with the City of Pittston to acquire its wastewater collection system for $26.4 million. The system currently serves around 4,400 customers in the city. As part of this agreement, Pennsylvania American Water has committed to investing over $5.1 million in necessary upgrades over the next five years, focusing on main replacements, technology updates, and improving security and geographic information systems. The transaction is expected to close by late 2026, pending necessary regulatory approvals. The proceeds from the sale will support community services and projects, including the Market & Main development. Current collection rates will remain in place at the time of purchase, with future rate changes subject to approval by the Pennsylvania Public Utility Commission.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Water Works Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250627925095) on June 27, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10