WTRG - Essential Utilities' unit buys Union Rome Sewer System for $25.5M
2023-07-10 12:29:58 ET
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Essential Utilities ( NYSE: WTRG ) said Monday its unit, Aqua Ohio, completed the purchase of the Union Rome Sewer system for $25.5 million.
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The system includes a wastewater collection network and treatment plant serving 5,300 connections in Lawrence County, Ohio.
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The company said the URS system has been operating at a deficit for years and has more than $20 million in debt. To improve the wastewater system and regain regulatory standards, it will invest more than $12.7 million within the next five years.
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All URS employees were offered employment at Aqua, pending the company’s standard hiring practices.
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Essential Utilities' unit buys Union Rome Sewer System for $25.5M