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Illinois American Water acquires Village of Broadlands water system for $425,000, adding 155 customers to its service area.
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Acquisition expands Illinois American Water's customer base and service area.
Company plans to invest in critical infrastructure improvements to enhance water quality and system reliability.
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URBANA, Ill.--(BUSINESS WIRE)--
Illinois American Water, a subsidiary of American Water, announced today it has completed the acquisition of the Village of Broadlands water system for $425,000. Illinois American Water’s petition to acquire the system was approved by the Illinois Commerce Commission on June 1, 2023.
The newly acquired system adds approximately 155 water customers to the Company’s eastern Illinois service area. Illinois American Water plans to invest in the first year on critical infrastructure including improvements to treatment processes, installation of water meters and other projects to enhance water quality and system reliability.
“Our team is excited to welcome and serve our new customers in Broadlands,” said Rebecca Losli, president of Illinois American Water. “Since 2020, we have had the privilege of partnering with 13 communities across Illinois through acquisitions, sharing our expertise and making critical investments to aging water and wastewater systems.”
According to Village of Broadlands Mayor Bruce Block, the sale of the water system to Illinois American Water, “will give the Village major improvements to our water system that the Village alone could not provide.” He continued, “The Village will benefit from the group of experts and eliminate operational responsibilities for the Village.”
Brian Wiemers, senior manager of operations for Illinois American Water’s Eastern Division said, “We are happy to serve the Village of Broadlands. We appreciate the Village’s trust and confidence in our experienced team.”
New customers will receive an Illinois American Water welcome packet in the mail. This packet includes information about online account management, billing as well as other customer service programs and benefits. The company also provides bill paying assistance programs, conservation tips and more.. To learn more about Illinois American Water and hear from communities the company has partnered with, visit Partnering with Us under About Us at www.illinoisamwater.com.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, Twitter and Instagram.
About Illinois American Water
Illinois American Water, a subsidiary of American Water is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.3 million people. American Water also operates a quality control and research laboratory in Belleville.
