Illinois American Water Acquires Village of Livingston Water and Wastewater Systems

Rhea-AI Summary

Illinois American Water has successfully acquired the Village of Livingston's water and wastewater systems for $550,000, adding around 375 water and 352 wastewater customers to its service area. The Illinois Commerce Commission approved the sale, which aims to enhance service and investments in infrastructure. Illinois American Water plans to invest approximately $3.3 million over the next five years for upgrades, including new fire hydrants, outdoor water meters, and a water tank. This acquisition is expected to strengthen the company's footprint in Madison County.

Positive

• Acquisition of Village of Livingston's water and wastewater systems expands customer base by approximately 727.
• Investment of $3.3 million planned for infrastructure upgrades within five years.
• Strengthens Illinois American Water's presence in Madison County.

Negative

• None.

Illinois American Water President Justin Ladner today announced the Company’s acquisition of the Village of Livingston water and wastewater systems. The purchase adds approximately 375 water and 352 wastewater customers to the company’s southern Illinois service area.

The Village of Livingston voted in favor of the sale in June 2020. The Illinois Commerce Commission (ICC) recently approved the sale for $550,000. The sale was completed today.

“Our team is excited to serve the Village of Livingston and further expand our footprint in Madison County,” said Ladner. “We have a long history of providing high-quality, reliable service to our customers and we look forward to playing a vital role in Livingston.”

Village of Livingston Mayor Richard Kovaly said, “The sale of the water and wastewater systems to Illinois American Water will allow the Village to focus on other priorities. The Village will also benefit from future capital investments made by Illinois American Water, which will be completed at a much quicker pace than a community of our size could manage.”

Illinois American Water plans to invest approximately $3.3 million in the first five years of ownership to upgrade the Village of Livingston water and wastewater systems. Work will include replacing fire hydrants, outdoor water meters, and water main. A new water tank will also be constructed. Upgrades to security and monitoring equipment are also planned.

Ethan Steinacher, operations manager for Illinois American Water, said, “We are excited to serve Livingston and will partner closely with Village leaders to support the community’s success. We appreciate the trust and confidence placed in our team.”

New customers will receive an Illinois American Water welcome packet in the mail. This packet includes information about online account management, billing and more.

To learn more about Illinois American Water and hear testimonials from communities the company has partnered, please visit the Doing Business with Us page under About Us at 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 7,000 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 help 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 Highest in Customer Satisfaction with Large Water Utilities in the Midwest for Two Years in a Row.
For J.D. Power 2021 award information, visit jdpower.com/awards.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210819005772/en/

FAQ

What is the acquisition price for the Village of Livingston water systems?

The acquisition price for the Village of Livingston water and wastewater systems is $550,000.

How many customers are being added by this acquisition for Illinois American Water?

The acquisition adds approximately 375 water and 352 wastewater customers.

What investments will Illinois American Water make in Livingston after the acquisition?

Illinois American Water plans to invest approximately $3.3 million in upgrades over the first five years, including replacing fire hydrants and outdoor water meters.

What are the expected benefits of the acquisition for the Village of Livingston?

The acquisition allows the Village to focus on other priorities and benefit from quicker capital investments made by Illinois American Water.