Aqua America Expands Utility Operations in North Carolina and Pennsylvania.BRYN MAWR, Pa. -- Aqua America, Inc. (NYSE NYSE See: New York Stock Exchange :WTR WTR Water WTR Writer WTR Wait To Restore WTR Wireless Technology Research WTR Walker, Texas Ranger (TV show) WTR Western Test Range WTR With-The-Rule Astigmatism WTR Working Time Regulation (UK) ) announced today that its North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and Pennsylvania subsidiaries recently completed utility purchases in their respective states. Aqua North Carolina, Inc. has purchased the wastewater assets of Willow Creek Holdings, which serves 400 residents at the Willow Creek, Cascade Ridge and the Bluffs at Willow Creek Subdivisions, for $1,500. This system also serves the Westchester Academy and High Point Country Club, and is located in Davidson County just west of High Point, NC. In addition to the residential customers, the acquisition will add two large commercial enterprises to Aqua's customer base. Aqua will invest about $200,000 for capital improvements to the system. "Willow Creek plays an important role in the company's growth-through-acquisition strategy," said Aqua North Carolina President Neil Phillips. "The purchase of these types of systems often lead to additional growth opportunities by expanding our local service territory and putting us in the strategic position to serve other nearby systems." This is Aqua North Carolina's fourth acquisition this year, excluding the Heater Utilities acquisition which was announced last year and closed in June 2004. The Heater acquisition added an additional 54,000 customers to Aqua's North Carolina operations. Aqua Pennsylvania, Inc. has purchased the water system assets of Fieldcrest Water Association for $25,000. Fieldcrest serves about 120 residents in Jackson Township, Luzerne County, Pennsylvania Jackson Township is a township in Luzerne County, Pennsylvania United States. The population was 4,453 at the 2000 census. A small portion of the borough of Dallas as well as an also small fraction of Shavertown, an unincorporated village which is mainly a part of Kingston . This is Aqua Pennsylvania's eleventh acquisition this year. Aqua America is the largest U.S.-based publicly-traded water utility serving approximately 2.75 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Aqua America is listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors WTR. The company has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years. |
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