June 10, 2015 |
Voorhees-based American Water Works has asked the New Jersey Economic Development Authority (EDA) for $164 million in tax credits to move its headquarters to Camden. The application is to be considered at Tuesday's meeting of the EDA at the Waterfront Technology Center in Camden. The EDA also will consider a request from a joint Rowan University/Rutgers-Camden board for $50 million to build a "health sciences" building in the city, according to the agenda. That building, on Broadway near Cooper Medical Center, would have classrooms, lab space and offices, and would house Rutgers-Camden's Center for Computational and Integrative Biology.
June 5, 2015 |
Aqua America Inc. on Wednesday named Christopher H. Franklin, an executive vice president who oversees Aqua's utility operations, to replace longtime CEO Nicholas DeBenedictis. Franklin, 50, chief operating officer of Aqua's regulated water and wastewater operations, will take over on July 1. DeBenedictis, 69, who has been CEO since 1992, will become nonexecutive chairman of the Bryn Mawr company. Franklin, who followed DeBenedictis from Peco to the water utility in 1992, was instrumental in the transformation of the local company, then called Philadelphia Suburban Water, into Aqua America, which now has operations in eight states.
April 20, 2015 |
Few of us are fond of mild, rainy summers like the one the Philadelphia region experienced last year. Nick DeBenedictis is definitely not a fan. DeBenedictis is chairman and CEO of Aqua America, the Bryn Mawr water utility that operates in eight states, including Pennsylvania and New Jersey. Wet summer weekends dampen demand: Too much free product falls from the sky. Gardeners don't water; cars don't get washed. "Two straight years, we've had pretty depressed sales," he said in an interview last week.
November 22, 2014 |
Earl Harold Graham, 92, a decorated World War II veteran and former president of the Philadelphia Suburban Water Co., died Wednesday, Nov. 12, of heart disease at his home in Pompano Beach, Fla. Mr. Graham was a longtime resident of Springfield, Delaware County, before retiring to Florida. Born in Philadelphia, he graduated from Northeast High School. After the Japanese bombed Pearl Harbor, he enlisted in the Army to fight in World War II. He was assigned to the 83d Infantry Division, 308th Combat Engineer Battalion.
May 2, 2014 |
Kenneth E. Shull, 97, formerly of Media, a chemist and executive for the Philadelphia Suburban Water Co., died Tuesday, April 22, of congestive heart failure at White Horse Village. Mr. Shull's enthusiasm for science started early and blossomed into a career choice, said his son, Dave. "When he was young, he built a laboratory in his basement. It was quite sophisticated," his son said. Mr. Shull worked for Philadelphia Suburban Water Co., now Aqua America Inc., in Bryn Mawr for 45 years, starting in 1938 as a chemist and bacteriologist, and becoming chief chemist and then superintendent of water treatment in 1956.
April 23, 2014 |
Pennsylvania American Water on Monday announced plans to buy 18 trucks fueled by compressed natural gas under terms of a $315,000 state grant funded from the Marcellus Shale impact fee. The new vehicles will be based in the water company's Scranton operations. Pennsylvania American last year launched a pilot with four CNG-powered pickup trucks in Punxsutawney and Coatesville. In November, it also received a $62,800 Alternative Fuel Incentive Grant from the state Department of Environmental Protection to convert 14 new light-duty trucks to CNG. This year's grant, financed by the impact fee paid by natural gas producers, was secured through a partnership with Greater Philadelphia Clean Cities Coalition, which serves 34 counties in eastern Pennsylvania to implement alternative fuel use in transportation.
March 6, 2014 |
AS MANY as 300,000 West Virginians are still wondering whether it's safe to drink the water, more than a month after the local supply was tainted by a spill of industrial chemicals. In North Carolina, the full consequences are yet to be determined following the collapse of a pipe last month beneath a utility's coal-ash pond, which spewed tons of the toxic substance into the Dan River. Public health officials have warned residents to avoid river water and to forgo eating any fish.
January 20, 2014 |
All businesses are at the mercy of their supply chain. Few are as vulnerable as a water utility. Witness West Virginia Water, a subsidiary of American Water Works Co. of Voorhees. On Jan. 9, a sweet licorice odor was noticed in the air around the Elk River as it wound its way south through Charleston, the state capital. The source was identified as 7,500 gallons of a chemical known as MCHM that had leaked from a 35,000-gallon tank belonging to Freedom Industries. The spill occurred less than a mile upstream from West Virginia Water's intake facilities.
May 4, 2013 |
Aqua America's first-quarter earnings included some bonuses for shareholders and Pennsylvania water customers, but not for the tax collector. The Bryn Mawr water utility reported Thursday that its effective tax rate plunged from 39 percent to 14.6 percent, thanks to an accounting change it announced last year. Aqua's first quarter net income was $46.6 million, up 23 percent from $37.9 million in 2012. Income from continuing operations was 29 cents per share, up 53 percent from 19 cents a year ago. The company boosted earnings even though its Pennsylvania customers got a 2.8 percent rate cut on Jan. 1, it sold less water due to the cool winter, and its venture to supply water to Marcellus Shale hydraulic fracturing operations underperformed because of a slowdown in natural gas drilling.
March 29, 2013
Aqua America Inc., the Bryn Mawr water utility, announced Thursday that it has completed the sale about 65 percent of its Florida assets in its ongoing effort to consolidate operations to eight states where it has a critical mass. Aqua sold 57 water systems and 23 wastewater systems in 12 counties to the Florida Governmental Utility Authority (FGUA) for $50.2 million. Separately, Aqua sold nine water systems and four wastewater systems to U.S. Water for $1.6 million, and one water system and one wastewater system that serve the Arredondo Farms community in Alachua County to YES Communities Companies L.L.C.