New Jersey American Water Acquires Sewer System in Somerville, New Jersey for USD 7m.
MANews-(C)2009-2023
Water and wastewater utility company New Jersey American Water has acquired the wastewater collection system of the Borough of Somerville, N.J. for USD7 m, the company said.
This municipally owned system serves approximately 3,800 customers, most of whom already receive water service from New Jersey American Water.
On September 27, 2023, the New Jersey board of Public Utilities approved the municipal consent allowing New Jersey American Water to provide sewer service to Somerville customers as of the closing of the transaction.
The agreement to purchase the system was approved in a voter referendum in November 2022, which passed in a landslide fashion with 75 % of the voters approving the sale of the system to New Jersey American Water.
As part of the agreement, New Jersey American Water committed to invest a minimum of USD9.5 m in...
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