Patience has paid off for American Water, the Voorhees company that’s been trying since it went public in 2008 to convince more Pennsylvania and New Jersey towns to hand over their water and sewer systems to its for-profit operating group.
The company “closes out 2015 with a flurry of wastewater deals,” veteran utilities analyst Ryan M. Connors tells clients of Boenning & Scattergood, the West Conshohocken investment bank, in a report today. American Water has agreed to take over sanitary sewer systems in Scranton and Dunmore (Lackawanna County, Pa.) and Fairview Township (York County, Pa.); and to operate the sewer system covering most of Camden, N.J. (which needs a lot of work): for a total “sticker value of more than $300 million.”
Read More: http://www.philly.com/
P4A in the News