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Reported Earlier, Pennsylvania American Water And Towamencin Township Move To Terminate Wastewater System Sale Amid Regulatory Changes

Author: Benzinga Newsdesk | August 29, 2024 02:57am

On June 14, 2022, Towamencin executed an asset purchase agreement (APA) to sell the township's wastewater system to NextEra Water Pennsylvania, LLC (NextEra Water). In March 2023, NextEra Water exited the transaction and Pennsylvania American Water agreed to step in as the buyer under essentially the same terms agreed to by NextEra Water. PAW acquired the rights to the APA effective March 24, 2023.

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