Essential Utilities, Inc.'s subsidiary Aqua Pennsylvania has acquired the City of Beaver Falls wastewater system for $37.75 million, aiming to enhance service delivery and environmental compliance for approximately 3,200 customers.

Target Information

Essential Utilities, Inc. (NYSE: WTRG) has announced that its subsidiary, Aqua Pennsylvania, has successfully completed the acquisition of the City of Beaver Falls wastewater system for a total of $37.75 million. This wastewater system caters to approximately 3,200 customers in the City of Beaver Falls, as well as providing bulk transmission and treatment services for around 3,800 Equivalent Dwelling Units (EDU) across seven neighboring municipalities, which include Patterson Township, Patterson Heights Borough, White Township, West Mayfield Borough, Big Beaver Borough, Eastvale Borough, and North Sewickley Township.

Industry Overview in Pennsylvania

The wastewater management industry in Pennsylvania plays a critical role in ensuring the health and safety of its communities. With a diverse population and a variety of municipal systems, the state faces unique challenges in maintaining effective wastewater treatment processes. Recent regulations have put significant emphasis on environmental stewardship and sustainability, thus driving investments in modernizing outdated infrastructure.

Pennsylvania's Public Utility Commission (PUC) is responsible for overseeing utility services, including wastewater. It has been actively pursuing initiatives intended to enhance service reliability and