Trending...
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 116
- International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea
- Birkdale Investments LLC Acquires Assets of Mumbai Central Farmers Market, Unveils Expanded Vision
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced that its Aqua Illinois subsidiary has completed the purchase of the Village of Oak Brook's water treatment and distribution system, which serves approximately 4,000 customer equivalents in DuPage and Cook Counties, for $12.5 million.
"We thank the village board for entrusting these customers to our care," said Essential Chairman and CEO Chris Franklin. "Aqua has over 135 years of expertise in water and wastewater service, thoughtful infrastructure investment and strong community involvement. We pledge to continue this long-standing tradition with our new and existing customer base."
"My team and I are excited to begin serving this area and look forward to providing the community with safe water and reliable service," said Aqua Illinois President David Carter.
Oak Brook is the third acquisition completed by Essential's Aqua companies in 2022. Collectively, these acquisitions have added nearly $120 million in rate base and more than 23,000 equivalent retail customers or equivalent dwelling units. Additionally, the company currently has six signed purchase agreements to acquire water and wastewater systems in three of its existing states, which have a total purchase price of nearly $352 million and represent approximately 213,000 equivalent retail customers or equivalent dwelling units.
About Aqua Illinois
Aqua provides water and wastewater service to approximately 273,000 people in 70 communities across 13 Illinois counties. Visit AquaAmerica.com for more information or follow @MyAquaAmerica on Facebook and Twitter.
More on The PennZone
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as "believes," "expects," "intends," "anticipates," "estimates" and similar expressions. The Company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent its views only as of today and should not be relied upon as representing its views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company's actual results to differ materially from the statements contained in this release. Such forward-looking statements include but are not limited to statements relating to the capital to be invested by the water, wastewater, and gas distribution divisions of the Company. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the factors discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which is filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with The Company's business, please refer to the Company's annual, quarterly and other SEC filings. The Company 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.
More on The PennZone
WTRGF
Contacts
Brian Dingerdissen
Investor Relations
O: 610.645.1191
BJDingerdissen@Essential.co
Sarah Courtright
Communications and Marketing
M: 267.391.9302
SMCourtright@AquaAmerica.com
"We thank the village board for entrusting these customers to our care," said Essential Chairman and CEO Chris Franklin. "Aqua has over 135 years of expertise in water and wastewater service, thoughtful infrastructure investment and strong community involvement. We pledge to continue this long-standing tradition with our new and existing customer base."
"My team and I are excited to begin serving this area and look forward to providing the community with safe water and reliable service," said Aqua Illinois President David Carter.
Oak Brook is the third acquisition completed by Essential's Aqua companies in 2022. Collectively, these acquisitions have added nearly $120 million in rate base and more than 23,000 equivalent retail customers or equivalent dwelling units. Additionally, the company currently has six signed purchase agreements to acquire water and wastewater systems in three of its existing states, which have a total purchase price of nearly $352 million and represent approximately 213,000 equivalent retail customers or equivalent dwelling units.
About Aqua Illinois
Aqua provides water and wastewater service to approximately 273,000 people in 70 communities across 13 Illinois counties. Visit AquaAmerica.com for more information or follow @MyAquaAmerica on Facebook and Twitter.
More on The PennZone
- Hollywood In Pixels Announces Honorees for The 9th Silver PIXel Awards
- New Research Finds a Good Deal Is All It Takes to Get Americans Booking a Last-Minute Vacation — and Most Already Have One on Their Mind
- GitKraken Introduces GitLens 19, Bringing Human and AI Workflows Together in One Workbench
- LĪNA Universal Balm Nominated for "Best Clean Skincare Product" at CertClean Beauty Awards
- Bronze Stevie Award Recognizes Satyadhar Joshi for AI Research and Public Policy Engagement
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as "believes," "expects," "intends," "anticipates," "estimates" and similar expressions. The Company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent its views only as of today and should not be relied upon as representing its views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company's actual results to differ materially from the statements contained in this release. Such forward-looking statements include but are not limited to statements relating to the capital to be invested by the water, wastewater, and gas distribution divisions of the Company. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the factors discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which is filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with The Company's business, please refer to the Company's annual, quarterly and other SEC filings. The Company 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.
More on The PennZone
- synseer Nominated for Best Startup in 2026 Prix Galien USA Awards Following Record Breaking Applicant Pool
- Leading PDR Training Courses in Canada: Learn Paintless Dent Repair with PDR Academy & Tint Academy
- Move in this Fall! New Released Quick Move-In Townhomes at Heritage at South Brunswick with Limited-Time Incentives
- Rebecca L. Francis, Founder of the Rebecca Francis Team, Named to Lehigh Valley Business' LVB 300
- Crossroads4Hope Marks 25 Years Ensuring No One Faces Cancer Alone At its Inspiring Hope Gala
WTRGF
Contacts
Brian Dingerdissen
Investor Relations
O: 610.645.1191
BJDingerdissen@Essential.co
Sarah Courtright
Communications and Marketing
M: 267.391.9302
SMCourtright@AquaAmerica.com
0 Comments
Latest on The PennZone
- OPUS Global Data Solutions Launches Food Trader Plus, Bringing Operational Control and Deal-Level Profit Visibility to Food Brokers
- Phinge CEO DeMaio Unveils Speech to Congress: User Data Sovereignty vs Tech Surveillance Capitalism, Asserting Foundational 2021 App-Less Patents & IP
- Michael Maertens Hired as Century Fasteners Corp. – Chief Financial Officer
- LATO AI Software Innovations Expedite Inspections & Repair of Parking Lots for The Pavement Group
- Built to Last: Why BSI Is Among the Nation's Fastest-Growing Companies, and One of Its Best Places to Work
- Bent Danholm's The Architecture of Demand Reaches No. 2 in Amazon Real Estate Sales
- Contracting Resources Group Named to Inc. 5000 for the Ninth Time
- Nola Blue Records to Release John Németh's Illinois Central in March 2027
- ImagineX Named to 2026 Inc. 5000 List of America's Fastest-Growing Private Companies
- ASSIST Software Becomes One of the First European Companies Certified to ISO/IEC 42001
- The World's No.1 Superstar® Enters the Occult with New Track and Cinematic Visual "Under Your Spell"
- PricZone Launches Online Shopping Platform Offering Electronics, Gaming, and More
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community
- Lineus Medical Elevates Leadership to Accelerate Growth After Breakthrough Clinical Results
- Gateway Center Arena Announces Duane Curry as General Manger
- Mumbai Central Farmers Market Launches Community Collective for More Value and Connection
- XRPPower Expands Platform Security With Enhanced Brand Protection and Official Verification Standards
- Cuvo Health, the #1 White Label Telehealth Platform, Surpasses 300 Exclusive Providers Serving All 50 States
- Birkdale Investments LLC Acquires Assets of Mumbai Central Farmers Market, Unveils Expanded Vision
- RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation