New Jersey American Water is set to acquire the water and wastewater assets of Egg Harbor City, N.J. for $21.8 million. The municipally owned water and wastewater systems serve approximately 1,500 customer connections each, or 3,000 combined, and are being sold through the state’s Water Infrastructure Protection Act process. The sales it expected to complete in the second half of the year pending approval from the New Jersey Department of Community Affairs and the New Jersey Board of Public Utilities.
New Jersey American Water President, Cheryl Norton said: “We look forward to providing the residents of Egg Harbor City with reliable water and wastewater services, as we do for over 192 municipalities across the state. Our plan will help rebuild and modernize the town’s infrastructure for continued quality and increased reliability while stabilizing rates and providing excellent customer service from our local operations center.”
Under the agreement, New Jersey American Water will invest $14 million in the first 10 years to make needed upgrades to the city’s water and wastewater systems, including $9 million in the first five years, while keeping rates stable for customers. Some of these projects include construction of an emergency interconnection with the New Jersey American Water regional system for resiliency, water and sewer main replacements, valve and hydrant replacements and wastewater pump station improvements.
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