Aquarion unit awarded management contract.BRIDGEPORT, Conn.--(BUSINESS WIRE)--Nov. 14, 1996--Aquarion Company (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) ) reported today that its Aquarion Management Services, Inc. subsidiary has been awarded a contract with the Sharon Sewer and Water Commission to operate and maintain the Town of Sharon, Connecticut Sharon is a town located in Litchfield County, Connecticut, in the northwest corner of the state. It is bounded on the north by Salisbury, on the east by the Housatonic River, on the south by Kent, and on the west by Dutchess County, New York. water supply system. The 12-month contract, which includes renewal provisions, becomes effective November 18, 1996. Under the terms of the agreement, Aquarion Management Services will oversee the operation and maintenance of all existing water supply facilities and will coordinate the start-up of the town's new water filtration plant scheduled for construction completion in 1997. The Sharon Sewer and Water Commission provides water service to 350 customers with an average daily demand of 205,000 gallons per day. The $2.6 million drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. filtration plant is being constructed to meet the requirements of the federal Safe Drinking Water Act The Safe Drinking Water Act (SDWA) is a United States federal law passed by the U.S. Congress on December 16, 1974. It is the main federal law that ensures safe drinking water for Americans. . Commenting on the contract award, Aquarion President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard K. Schmidt said, "This public-private partnership Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. demonstrates Aquarion's continuing business commitment to the growing market for water-supply-related services to municipally owned water systems. Aquarion welcomes this opportunity to share its experience in water supply management and thanks the Sharon Sewer and Water Commission for selecting Aquarion in this important partnership." A wholly owned Aquarion subsidiary, Aquarion Management Services provides a fully integrated range of utility management services. Aquarion Management Services provides water supply contract operations to the Connecticut municipalities of Southington and Weston, and provides billing services for numerous Connecticut wastewater systems. Aquarion Company is engaged primarily in the supply and protection of public water. Its principal subsidiary, Bridgeport Hydraulic Company, is one of the 10 largest investor-owned water utilities in the U.S. and serves a population of 500,000 in 24 Connecticut communities. Other water-quality-related businesses include environmental testing laboratories and real estate through the sale of surplus water company land. Aquarion also owns a timber processing company. CONTACT: Leendert DeJong (203) 336-7684 |
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