2023-06-20 16:57:40 ET
-
Illinois American Water has bought the Village of Tolono water and wastewater systems for $9.416 million, the company said Tuesday.
-
Illinois American Water, a subsidiary of American Water ( NYSE: AWK ), said the newly acquired systems will add about 1,295 water and 1,254 wastewater customers to its eastern Illinois service area.
-
Illinois American Water said it is planning to invest approximately $17 million in the first five years of ownership to upgrade the Village of Tolono water and wastewater systems.
For further details see:
Illinois American Water buys local water utility provider for $9.4M