Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Aqua Pennsylvania Completes $239 Million in Infrastructure Improvements in Pennsylvania for 2013

WTRG

Aqua Pennsylvania (Aqua) today announced it has completed $239 million in infrastructure improvements throughout Pennsylvania since the beginning of the year.

Aqua President Steve Tagert said the largest part of the company’s investment was used to replace aging water mains throughout the state. “A large part of our operations are in older areas of the Commonwealth where some of our oldest water mains are located,” said Tagert. “That is why more than half of the dollars spent—approximately $135 million—was used to replace 136 miles of old pipe.” Tagert said that the $135 million included the replacement of associated service lines and hydrants as well. “As we replace mains, we also replace everything associated with the main including valves, hydrants and the service lines, which carry the water from the main to the curb.”

Tagert said that while most of the program targeted aging water mains, other Aqua improvements included upgrades to water treatment and water storage facilities as well as its wastewater treatment facilities and collection systems.

Aqua has six operating divisions throughout the state.

The Environmental Protection Agency’s fifth Drinking Water Infrastructure Needs Survey and Assessment identifies investments needed over the next 20 years for thousands of miles of pipes and thousands of treatment plants, storage tanks and water distribution systems, which are all vital to public health and the economy. The national total of $384 billion includes $247.5 billion to replace or refurbish aging or deteriorating lines.

This year’s program came on the heels of the company’s 2012 capital program, which included $259 million in similar improvements throughout the Commonwealth.

Aqua Pennsylvania serves approximately 1.4 million people in 31 counties throughout the Commonwealth of Pennsylvania. Visit www.aquaamerica.com for more information.

WTRG



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today