American Water buys two Pa. systems

Posted: March 14, 2013

American Water Works' Pennsylvania subsidiary acquired two water systems in northeast Pennsylvania for $1.65 million, adding about 640 accounts or about 1,700 people to its existing water system.

Pennsylvania American Water purchased the system of the Indian Rocks Property Owners Association, serving approximately 465 households in Salem Township, Wayne County. In Lackawanna County, the company acquired the Olwen Heights Water Company, which serves about 175 accounts in Roaring Brook Township.

Both systems require "significant capital investments" to upgrade treatment systems and to replace aging mains, the company said. The parent company, American Water, is based in Voorhees, N.J.

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