New York American Water Welcomes Acquisition of Beaver Dam Lake Water System
Acquisition Will Grow New York American Water Footprint by over 154 Customers
MERRICK, N.Y., June 16, 2017– New York American Water, the state’s largest publicly traded water and wastewater utility company, completed its acquisition of the Beaver Dam Lake water system on May 31, 2017 that provides services to more than 154 customers in in the towns of New Windsor and Cornwall in Orange County, New York.
“We welcome these 154 new customers to our New York American Water customer family. Our focus for more than a century is to provide around-the-clock, safe, reliable water service each and every day – and we have the people and technologies in place to get the job done right. We are committed to delivering that same standard of excellence to these new customers,” said Carmen Tierno, president of New York American Water. “We believe in investing in our infrastructure. In 2016 alone, we invested approximately $49 million on system upgrades to our treatment and distribution facilities. Locally, in Beaver Dam, we plan to invest over $1 million for completing the previously approved water main project, as well as related distribution system upgrades.” The company is committed to keep operational costs to a minimum. This translates to providing customer’s water service for approximately a penny per gallon.
Customers have received a letter from New York American Water with information about the acquisition. New York American Water is committed to ensuring a smooth transition for customers. Information about the company, billing and payment options are also available at www.newyorkamwater.com.
NewYork American Water, a subsidiary of American Water, provides high-quality and reliable water and/or wastewater services to approximately 350,000 people. With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. The company employs 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found by visiting www.amwater.com.