Pennsylvania American to Acquire Appalachian Utilities.
MANews-(C)2009-2023
Pennsylvania American Water has agreed to acquire Pennsylvania investor-owned system Appalachian Utilities, Inc., the company said.
Under the terms of the transaction, an affiliate of Pennsylvania American Water will merge with Appalachian and, subsequently, Appalachian will merge into Pennsylvania American Water.
Terms of the transaction were not disclosed.
As part of the agreement, Pennsylvania American Water plans to invest more than USD6.5 m into the system to upgrade aging water infrastructure.
Pennsylvania American Water and Appalachian Utilities, Inc. will seek approval of the acquisition from the Pennsylvania Public Utility Commission and...
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