American Water acquires New York-based West Branch Acres Water System
New York American Water has completed the acquisition of West Branch Acres Water System that serves 74 customers in Carmel, Putnam county.
Financial details about the acquisition have not been disclosed. The acquisition received approval from the New York State Public Service Commission and it was completed on 28 Feb this year.
West Branch Acres will be integrated into American Water’s Hudson Valley operations, which currently serves about 1600 water customers.
New York Times reported that West Branch Acres served about 290 customers in 2012.
In 2015, the company incurred heavy expenses due to an event that burned out two well pumps, which needed replacement. It had to purchase four 6000 gallon truckloads of potable water for customers at that time, Patch reported.
New York American Water claims that it has invested about $49m in 2016 on system upgrades to treatment and distribution facilities in its services areas in Long Island and the Hudson Valley to continue to ensure high quality service to customers.
New York American Water president Carmen Tierno said: “We welcome these 74 new customers to our New York American Water customer family and we look forward to providing them with safe, clean, reliable and affordable water service.
“Our commitment to the residents of West Branch includes a plan to invest $107,000 during the first year for needed distribution system and electrical upgrades, while keeping operational costs down so that customers still pay about a penny a gallon for water service.”
Image: New York American Water acquires West Branch Acres. Photo: Courtesy of Idea go/FreeDigitalPhotos.net.