Pennsylvania American Water Completes Acquisition of Corner Water System for $250,000

Reuters11-21
Pennsylvania American Water Completes Acquisition of Corner Water System for $250,000

Pennsylvania American Water has completed its acquisition of the Corner Water Supply and Service Corporation water system for $250,000. The newly acquired system serves about 450 customer connections in Shippenville, Clarion County, where Pennsylvania American Water already provides wastewater service to nearly all of these customers. The company plans to connect the new customers to its Clarion system, aiming to improve reliability and deliver the benefits of regionalization. Existing rates will remain in place for now, and any future changes will be subject to review. Corner Water's decision to sell was driven by the need for critical infrastructure upgrades and to ensure continued access to safe, clean water for its customers.

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