Illinois American Water Acquires Granite City Wastewater Collection System
September 25, 2020 at 14:21 PM EDT
Illinois American Water President Justin Ladner announced today the Company’s acquisition of the Granite City Wastewater Collection System. This purchase adds approximately 12,150 customer connections to the company’s customer base in southern Illinois.
Granite City leaders voted in favor of the sale in December 2019. The Illinois Commerce Commission (ICC) recently approved the sale for $18 million. This is Illinois American Water’s sixth acquisition this year.
“Illinois American Water’s growth is a testament to the excellent service our employees deliver every day. Our water and wastewater experts are the best of the best; they are well-positioned to resolve issues facing communities like EPA consent decrees, water quality issues and aging infrastructure. I’m proud of our track record for safe, reliable service,” said Ladner.
Granite City Mayor Ed Hagnauer agreed that the sale of the wastewater collection system to Illinois American Water would “support system improvement needs.” He added, “We have a strong relationship with Illinois American Water and know first-hand of their commitment to upgrading critical infrastructure. I am confident our wastewater collection system will be significantly improved over the coming years.”
Illinois American Water plans to invest $27 million in the first five years of ownership to upgrade Granite City’s wastewater collection system. Upgrades will include:
In addition to system upgrades, Mayor Hagnauer explained sale proceeds will support the community’s financial stability.
Director of Operations Karen Cooper said, “We enjoy being part of the Granite City community and are excited to own and manage the wastewater collection system. We will continue our commitment to provide safe, reliable service to our valued customers.”
To learn more about Illinois American Water visit www.illinoisamwater.com.
About Illinois American Water - Illinois American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 1.3 million people. American Water also operates a customer service center in Alton and a quality control and research laboratory in Belleville. With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
Illinois American Water ranked #1 in Customer Satisfaction