BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America (NYSE: WTR) today announced that its Indiana subsidiary has
started a two-year operating agreement with the City of Lake Station in
Lake County, Indiana, to deliver high-quality drinking water to the
city's 14,000 people.
"We're excited to work with Aqua as our community begins to use our new
wells and water treatment plant," said Lake Station Mayor Keith
Soderquist. "Aqua has the knowledge and the expertise to ensure our
families get quality drinking water that meets or surpasses all health
standards. We'll gain valuable skills and insights as we continue to
modernize our water system."
Under the agreement, Aqua Indiana will operate and manage the city's new
water treatment plant for $12,000 per month. The Lake Station
groundwater treatment plant is a newly constructed 2
million-gallon-per-day plant designed to remove hardness, iron and
manganese. Five groundwater supply wells provide raw water to the
treatment plant while finished water is stored in a new reservoir and
distributed through a booster station. The new wells and treatment plant
and the existing storage tanks have improved monitoring and control
through a state-of-the-art Supervisory Control and Data Acquisition
(SCADA) system.
Aqua Indiana President Tom Bruns said that the innovative partnership
will bring a highly skilled water operator to Lake Station to manage the
start-up and operation of the new water treatment plant that will
improve the city's drinking water and ensure abundant water for the
community's future. "Aqua is pleased that Lake Station selected us to
work closely with city leaders and current utility employees as the
city's new water treatment plant and wells go into service," said Bruns.
"We hope to be the city's water partner for many years and to help Lake
Station continue to improve its water system."
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.
Aqua Indiana operates 11 utility systems in 11 counties and provides
water and wastewater service to more than 100,000 people throughout the
state. Visit AquaAmerica.com
for more information, or follow Aqua on Facebook at
facebook.com/MyAquaAmerica and on Twitter at @MyAquaAmerica.
This release contains forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made based upon Aqua America's current
expectations and assumptions with respect to, among other things, its
ability to successfully continue its growth-through-acquisition strategy
and other growth initiatives. There are important factors that could
cause actual results to differ materially from those expressed or
implied by such forward-looking statements, including its ability to
successfully integrate the system into its existing operations, its
ability to effectively manage the agreement, its access to capital
funds, and other key factors that we have indicated that could adversely
affect our business and financial performance and that are discussed in
our Annual Report on Form 10-K for the fiscal year ended December 31,
2013, which is on file with the Securities and Exchange Commission. For
more information regarding risks and uncertainties associated with Aqua
America's business, please refer to Aqua America's annual, quarterly and
other SEC filings. Aqua America is not under any obligation — and
expressly disclaims any such obligation — to update or alter its
forward-looking statements whether as a result of new information,
future events, or otherwise.
WTRF
Aqua America, Inc.
Brian Dingerdissen
O: 610-645-1191
BJDingerdissen@AquaAmerica.com
or
Gretchen
Toner
O: 610-645-1175
M: 484-368-4816
GMToner@AquaAmerica.com
Source: Aqua America, Inc.
News Provided by Acquire Media
