STOCK TITAN

Aqua Pennsylvania Awarded Nearly $29 Million in Funding to Remove PFAS from Drinking Water Across Commonwealth

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Aqua Pennsylvania has secured $28.9 million in combined grant and low-interest loan funding through PENNVEST to support PFAS removal from drinking water. The funding will enable 6 projects to install PFAS treatment systems at 15 community well sites across Chester, Montgomery, Lackawanna, and Luzerne Counties.

The initiative aims to meet new EPA maximum contaminant levels for six PFAS chemicals in drinking water, set in April 2024, with a compliance deadline of 2028. The projects, expected to be completed by late 2025, will benefit nearly 12,000 customers across multiple townships including Upper Uwchlan, West Whiteland, Douglass, New Hanover, Perkiomen, Jefferson, Dallas, and Penn Lake Borough.

The company has already achieved compliance with Pennsylvania Department of Environmental Protection PFAS drinking water standards and is working toward meeting federal guidelines. The PENNVEST funding will help reduce the associated costs for customers while implementing these necessary treatment systems.

Aqua Pennsylvania ha ottenuto 28,9 milioni di dollari in finanziamenti combinati tra sovvenzioni e prestiti a basso interesse attraverso PENNVEST per supportare la rimozione dei PFAS dalle acque potabili. Il finanziamento permetterà di realizzare 6 progetti per installare sistemi di trattamento PFAS in 15 siti di pozzi comunitari nelle contee di Chester, Montgomery, Lackawanna e Luzerne.

Iniziativa mira a rispettare i nuovi limiti massimi di contaminanti stabiliti dall'EPA per sei sostanze chimiche PFAS nell'acqua potabile, fissati per aprile 2024, con una scadenza per la conformità nel 2028. I progetti, che dovrebbero essere completati entro la fine del 2025, beneficeranno quasi 12.000 clienti in più di un comune tra cui Upper Uwchlan, West Whiteland, Douglass, New Hanover, Perkiomen, Jefferson, Dallas e Penn Lake Borough.

L'azienda ha già raggiunto la conformità con gli standard PFAS per l'acqua potabile del Dipartimento della Protezione Ambientale della Pennsylvania e sta lavorando per soddisfare le linee guida federali. Il finanziamento di PENNVEST aiuterà a ridurre i costi associati per i clienti durante l'implementazione di questi necessari sistemi di trattamento.

Aqua Pennsylvania ha asegurado 28.9 millones de dólares en financiamiento combinado a través de subvenciones y préstamos de bajo interés por medio de PENNVEST para apoyar la eliminación de PFAS del agua potable. El financiamiento permitirá instalar sistemas de tratamiento de PFAS en 6 proyectos en 15 sitios de pozos comunitarios en los condados de Chester, Montgomery, Lackawanna y Luzerne.

La iniciativa tiene como objetivo cumplir con los nuevos niveles máximos de contaminantes de la EPA para seis productos químicos PFAS en el agua potable, establecidos en abril de 2024, con una fecha límite de cumplimiento en 2028. Los proyectos, que se espera se completen a finales de 2025, beneficiarán a casi 12,000 clientes en varios municipios, incluyendo Upper Uwchlan, West Whiteland, Douglass, New Hanover, Perkiomen, Jefferson, Dallas y Penn Lake Borough.

La empresa ya ha logrado cumplir con los estándares de agua potable PFAS del Departamento de Protección Ambiental de Pennsylvania y está trabajando para cumplir con las pautas federales. La financiación de PENNVEST ayudará a reducir los costos asociados para los clientes mientras se implementan estos necesarios sistemas de tratamiento.

Aqua Pennsylvania는 PENNVEST를 통해 PFAS를 음용수에서 제거하기 위해 결합된 보조금 및 저리 대출 자금으로 2890만 달러를 확보했습니다. 이 자금은 6개의 프로젝트를 통해 PFAS 처리 시스템을 설치할 수 있도록 하여 체스터, 몽고메리, 라카완나, 루즈른 카운티 전역의 15개 지역 공동 우물 사이트에 적용될 것입니다.

이 프로그램은 2024년 4월에 설정된 음용수에서 6종 PFAS 화학물질에 대한 새로운 EPA 최대 오염물질 기준을 준수하는 것을 목표로 하며, 2028년까지 준수 마감 기한이 있습니다. 2025년 말까지 완료될 예정인 이 프로젝트는 Upper Uwchlan, West Whiteland, Douglass, New Hanover, Perkiomen, Jefferson, Dallas, Penn Lake Borough를 포함한 여러 자치구의 거의 12,000명의 고객에게 혜택을 줄 것입니다.

회사는 이미 펜실베니아 환경 보호부의 PFAS 음용수 기준을 준수하였으며 연방 지침 준수를 위해 노력하고 있습니다. PENNVEST 자금 지원은 이러한 필수 처리 시스템을 구현하는 동안 고객의 관련 비용을 줄이는 데 도움이 될 것입니다.

Aqua Pennsylvania a obtenu un financement combiné de 28,9 millions de dollars sous forme de subventions et de prêts à faible intérêt par le biais de PENNVEST pour soutenir l'élimination des PFAS dans l'eau potable. Le financement permettra de réaliser 6 projets d'installation de systèmes de traitement des PFAS sur 15 sites de puits communautaires dans les comtés de Chester, Montgomery, Lackawanna et Luzerne.

Cette initiative vise à respecter les nouveaux niveaux maximaux de contaminants de l'EPA pour six produits chimiques PFAS dans l'eau potable, fixés en avril 2024, avec une date limite de conformité de 2028. Les projets, qui devraient être achevés d'ici fin 2025, bénéficieront à près de 12 000 clients dans plusieurs communes, dont Upper Uwchlan, West Whiteland, Douglass, New Hanover, Perkiomen, Jefferson, Dallas et Penn Lake Borough.

L'entreprise a déjà atteint la conformité avec les normes de l'eau potable PFAS du Département de la protection de l'environnement de la Pennsylvanie et travaille à la satisfaction des directives fédérales. Le financement de PENNVEST aidera à réduire les coûts associés pour les clients lors de la mise en œuvre de ces systèmes de traitement nécessaires.

Aqua Pennsylvania hat über PENNVEST eine kombinierte Finanzierung aus Zuschüssen und zinsgünstigen Krediten in Höhe von 28,9 Millionen US-Dollar gesichert, um die Entfernung von PFAS aus dem Trinkwasser zu unterstützen. Die Finanzierung wird es ermöglichen, 6 Projekte zur Installation von PFAS-Behandlungssystemen an 15 kommunalen Brunnenstandorten in den Landkreisen Chester, Montgomery, Lackawanna und Luzerne durchzuführen.

Das Projekt zielt darauf ab, die neuen maximalen Schadstoffwerte der EPA für sechs PFAS-Chemikalien im Trinkwasser zu erreichen, die im April 2024 festgelegt wurden, mit einer Frist zur Einhaltung bis 2028. Die Projekte, die voraussichtlich bis Ende 2025 abgeschlossen sein werden, kommen fast 12.000 Kunden in mehreren Gemeinden zugute, darunter Upper Uwchlan, West Whiteland, Douglass, New Hanover, Perkiomen, Jefferson, Dallas und Penn Lake Borough.

Das Unternehmen hat bereits die Normen des Pennsylvania Department of Environmental Protection für PFAS im Trinkwasser eingehalten und arbeitet darauf hin, die bundesstaatlichen Richtlinien zu erfüllen. Die PENNVEST-Finanzierung wird dazu beitragen, die damit verbundenen Kosten für die Kunden zu senken, während diese notwendigen Behandlungssysteme implementiert werden.

Positive
  • Secured $28.9 million in funding (grants and low-interest loans) for PFAS treatment
  • Already compliant with state PFAS drinking water standards
  • Project completion expected ahead of 2028 federal deadline
  • Funding reduces implementation costs for customers
Negative
  • Significant capital expenditure required for PFAS removal systems
  • Implementation affects 12,000 customers across multiple counties

Insights

The $28.9 million PENNVEST funding package marks a strategic victory for WTRG, substantially reducing the capital burden of PFAS compliance while strengthening its market position. This development carries several key implications:

Financial Impact & Cost Efficiency: The combination of grants and low-interest loans significantly reduces the capital expenditure pressure that would typically be passed to ratepayers through rate cases. This funding structure helps maintain rate stability while meeting regulatory requirements, potentially supporting better customer retention and regulatory relationships.

Competitive Positioning: WTRG's proactive approach to PFAS removal, having already achieved compliance with Pennsylvania standards ahead of peers, demonstrates operational excellence and regulatory foresight. The company's ability to secure substantial public funding also highlights its sophisticated capital management strategy, which could provide advantages in future expansion and acquisition opportunities.

Implementation Timeline: The planned completion by late 2025 puts WTRG well ahead of the EPA's 2028 deadline, reducing regulatory risk and potentially creating opportunities to assist other systems in meeting compliance requirements. The project's scope, covering 15 well sites across four counties, showcases the company's ability to execute complex infrastructure projects efficiently.

Long-term Value Creation: This investment strengthens WTRG's infrastructure resilience and service quality while minimizing the financial impact on its balance sheet. The ability to leverage public funding for major capital projects demonstrates strong governmental relationships and project execution capabilities, which are important for future growth in the regulated utility sector.

Funding is part of Aqua Pennsylvania’s commitment to remove “forever chemicals” to meet new federal drinking water standards; reduces associated costs for customers

BRYN MAWR, Pa.--(BUSINESS WIRE)-- Aqua Pennsylvania announced today it was awarded a combination of grant and low-interest loan funding through the Pennsylvania Infrastructure Investment Authority (PENNVEST) to support its continuing commitment to remove PFAS from drinking water. The funding, totaling as much as $28.9 million, will support 6 projects to install PFAS treatment systems at 15 community well sites in Chester, Montgomery, Lackawanna, and Luzerne Counties. The PENNVEST process requires well-planned projects, including securing a PA Department of Environmental Protection permit and other documents as a condition of approval. PENNVEST funds allow recipients like Aqua Pennsylvania to complete installation of PFAS treatment at a reduced cost to customers.

“Aqua Pennsylvania is committed to working within the PENNVEST guidelines to pursue and secure funding opportunities that will cost-effectively deliver the highest quality drinking water for our customers,” said Aqua Pennsylvania President Marc Lucca. “I want to thank PENNVEST for their continued support and consideration of our projects as the funds received will help us affordably meet these state and federal regulatory requirements.”

In April 2024, the Environmental Protection Agency (EPA) set maximum contaminant levels (MCLs) for six PFAS chemicals in drinking water. Funding awarded by PENNVEST will move Aqua Pennsylvania closer to meeting the federal guidelines to have treatment in place by 2028, within the required timeline.

“We have been at the forefront of addressing and removing ‘forever chemicals’ from drinking water for several years,” said Lucca. “We are proud to say again that we have reached full compliance with the Pennsylvania Department of Environmental Protection PFAS drinking water standards and we remain focused on reaching the federal standards as well.”

The PFAS treatment facilities will positively impact nearly 12,000 customers in the following communities:

CHESTER COUNTY

  • Upper Uwchlan Township and West Whiteland Township

MONTGOMERY COUNTY

  • Douglass Township, New Hanover Township and Perkiomen Township

LACKAWANNA COUNTY

  • Jefferson Township

LUZERNE COUNTY

  • Dallas Township and Penn Lake Borough

Construction on these facilities is expected to be completed in late 2025.

Aqua Pennsylvania will continue to seek these funding opportunities as part of our dedication to outstanding service and affordability.

About Aqua Pennsylvania

Aqua Pennsylvania provides water and wastewater service to approximately 1.5 million people in 32 counties throughout the Commonwealth of Pennsylvania. Visit AquaWater.com for more information or follow @MyAquaWater on Facebook and @MyAquaWater on X.

About Essential

Essential Utilities, Inc. (NYSE:WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sustainable growth, operational excellence, a superior customer experience, and premier employer status. We are advocates for the communities we serve and are dedicated stewards of natural lands, protecting more than 7,600 acres of forests and other habitats throughout our footprint.

Operating as the Aqua and Peoples brands, Essential serves approximately 5.5 million people across nine states. Essential is one of the most significant publicly traded water, wastewater service and natural gas providers in the U.S. Learn more at www.essential.co.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The Company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent its views only as of today and should not be relied upon as representing its views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the Company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, statements relating to the capital to be invested, including the timing of capital investments, in Aqua’s water and wastewater infrastructure; that it will continue to seek and receive grants and low-interest loans; compliance with state and federal regulations; and the impact of any funding received on customer rates. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the factors discussed in the Company’s Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which are filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with the Company’s business, please refer to the Company’s annual, quarterly and other SEC filings. The Company is not under any obligation - and expressly disclaims any such obligation - to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

WTRGG

Media:

Amanda Burge

Regional Communications Specialist

M: 610.329.2015

O: 610.520.6440

AEBurge@aquawater.com

Source: Aqua Pennsylvania

FAQ

How much funding did Aqua Pennsylvania (WTRG) receive for PFAS removal in 2024?

Aqua Pennsylvania received $28.9 million in combined grant and low-interest loan funding through PENNVEST for PFAS removal projects.

When will Aqua Pennsylvania's PFAS treatment facilities be completed?

The PFAS treatment facilities are expected to be completed in late 2025.

How many customers will benefit from WTRG's PFAS treatment projects?

The PFAS treatment facilities will positively impact nearly 12,000 customers across multiple townships in Chester, Montgomery, Lackawanna, and Luzerne Counties.

What is the deadline for WTRG to meet federal PFAS guidelines?

Aqua Pennsylvania must have PFAS treatment systems in place by 2028 to meet federal guidelines set by the EPA.

How many PFAS treatment systems will WTRG install with the PENNVEST funding?

The funding will support 6 projects to install PFAS treatment systems at 15 community well sites.

Essential Utilities, Inc.

NYSE:WTRG

WTRG Rankings

WTRG Latest News

WTRG Stock Data

9.72B
274.04M
0.19%
82.06%
1.96%
Utilities - Regulated Water
Water Supply
Link
United States of America
BRYN MAWR