Pennsylvania Public Utility Commission

The York Water Company Reports Three Months Earnings

Retrieved on: 
Martedì, Maggio 7, 2024
Pennsylvania Public Utility Commission, Drinking water, Depreciation, Collection, Growth, Acquisition, Ageing

YORK, Pa., May 07, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2024.

Key Points: 
  • YORK, Pa., May 07, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2024.
  • Basic and Diluted Earnings per share of $0.30 for the three-month period increased $0.04 compared to the same period last year.
  • The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure.
  • The Company completed the acquisitions of the MESCO, Inc. wastewater collection and treatment assets and the Longstown Mobile Estates water assets.

The York Water Company Reports 2023 Annual And Fourth Quarter Results

Retrieved on: 
Martedì, Marzo 5, 2024
Acquisition, Ageing, Growth, IRS, Drinking water, Pennsylvania Public Utility Commission, Water, Depreciation, Dam

YORK, Pa., March 05, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced the Company's 2023 financial results.

Key Points: 
  • YORK, Pa., March 05, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced the Company's 2023 financial results.
  • President Hand reported that 2023 operating revenues of $71,031,000 increased $10,970,000 and net income of $23,757,000 increased $4,177,000 compared to 2022.
  • President Hand also reported that for the fourth quarter of 2023 operating revenues increased $2,985,000 and net income increased $1,001,000 compared to the fourth quarter of 2022.
  • Basic and Diluted Earnings per share of $0.42 for the fourth quarter of 2023 increased $0.07 compared to the same period last year.

Pennsylvania American Water Receives PUC Approval to Purchase Butler Area Sewer Authority Wastewater System

Retrieved on: 
Giovedì, Novembre 9, 2023
Public Policy, Government, State, Local, Other Natural Resources, Utilities, Environment, Natural Resources, Energy, Bureau, Acquisition, NYSE, Employment, Water, City, Pennsylvania-American Water Company, Pennsylvania Public Utility Commission, Small business, Consumer, Summit, Township, American Water, Pharmaceutical industry, PUC

Today, Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), received approval from the Pennsylvania Public Utility Commission (PUC) to purchase the Butler Area Sewer Authority (BASA) wastewater system for $230 million.

Key Points: 
  • Today, Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), received approval from the Pennsylvania Public Utility Commission (PUC) to purchase the Butler Area Sewer Authority (BASA) wastewater system for $230 million.
  • As part of the agreement, Pennsylvania American Water will nearly double its shareholder contribution to the hardship grant program, increasing the fund by $3.5 million over five years.
  • Upon taking ownership, Pennsylvania American Water will make necessary treatment and collection system upgrades to improve the wastewater system, which are expected to total more than $75 million.
  • Pennsylvania American Water is already the drinking water service provider to approximately 19,500 customers in the region, and its predecessor companies have served the Butler area since the late 1800s.

Pennsylvania American Water Files Rate Request Driven by $1 Billion in Investment

Retrieved on: 
Mercoledì, Novembre 8, 2023
Energy, Natural Resources, Utilities, Other Natural Resources, Water, Pennsylvania Public Utility Commission, Wastewater, Ageing, Investment, Organization, FPL, Pennsylvania-American Water Company, Water quality, Poverty in the United States, American Water, Customer service, Renewable energy, Health insurance

Pennsylvania American Water filed a rate adjustment request today with the Pennsylvania Public Utility Commission reflecting $1 billion in water and wastewater system investments to be made through mid-2025 to continue providing safe and reliable service.

Key Points: 
  • Pennsylvania American Water filed a rate adjustment request today with the Pennsylvania Public Utility Commission reflecting $1 billion in water and wastewater system investments to be made through mid-2025 to continue providing safe and reliable service.
  • The request reinforces the company’s commitment to investing in its water and wastewater systems to replace aging infrastructure, provide reliable service, enhance water quality, comply with environmental regulations, and increase fire protection for customers.
  • “There is tremendous need for significant and costly improvements to the Commonwealth’s water and wastewater infrastructure, and Pennsylvania American Water is playing a key role by making necessary investments and replacing century-old pipes, pumps, and treatment facilities,” said Pennsylvania American Water President Justin Ladner.
  • Customers can participate through written comments, attendance at public input hearings, and consumer advocacy organizations that participate in the proceedings.

York Water Company Reports 3rd Quarter And Nine Months Earnings

Retrieved on: 
Venerdì, Novembre 3, 2023
Pennsylvania Public Utility Commission, Growth, Ageing, IRS, Acquisition, The York Water Company, Maintenance, Drinking water, Depreciation, Collection, Global distribution system, Waverley/Lake William Water Aerodrome

YORK, Pa., Nov. 03, 2023 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the third quarter and the first nine months of 2023.

Key Points: 
  • YORK, Pa., Nov. 03, 2023 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the third quarter and the first nine months of 2023.
  • President Hand reported that third quarter operating revenues of $18,767,000 increased $2,956,000 and net income of $7,568,000 increased $1,887,000 compared to the third quarter of 2022.
  • Basic and Diluted Earnings per share of $0.53 for the three-month period increased $0.13 compared to the same period last year.
  • In October 2023, the Company invested $566,000 in the acquisition of the Conewago Industrial Park Water and Sewer Company water assets and wastewater collection and treatment assets.

Western Pennsylvania Electric Grid Stronger and More Resilient Following Smart Enhancements

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Lunedì, Ottobre 9, 2023
Transfer, Investment, Multimedia, NYSE, FE, Animal, Pennsylvania Public Utility Commission, Weather, Safety, Electricity, FirstEnergy, Ice, Electric power, Mobile phone, Electrical wiring, Mercer

NEW CASTLE, Pa., Oct. 9, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Penn Power has completed an expansion of its smart grid in Mercer County to reinforce the local power system and help prevent lengthy service disruptions, especially during severe weather. Work includes installation of new, automated equipment and technology in distribution substations and along neighborhood power lines serving more than 15,000 customers in Sharon, Sharpsville, Hermitage, Transfer, Greenville, West Middlesex and nearby areas.

Key Points: 
  • The work is part of Penn Power's second phase Long Term Infrastructure Improvement Plan (LTIIP II), approved by the Pennsylvania Public Utility Commission to help enhance electric service for customers.
  • The company has experienced a 74% decrease in customer minutes of interruption related to outages since the installation of smart grid technology along neighborhood power lines under LTIIP.
  • Penn Power serves more than 160,000 customers in all or parts of Allegheny, Beaver, Butler, Crawford, Lawrence and Mercer counties in western Pennsylvania.
  • Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York.

Pennsylvania American Reaches Agreement to Acquire Appalachian Utilities, Inc.

Retrieved on: 
Giovedì, Settembre 28, 2023
Other Natural Resources, Environment, Utilities, Sustainability, Energy, Natural Resources, Pennsylvania-American Water Company, Partnership, Pennsylvania Public Utility Commission, Pennsylvania Department of Environmental Protection, Water, Ageing, American Water, Environmental protection, Acquisition, Pennsylvania Department of Transportation, PUC, Appalachian

Pennsylvania American Water announced today that an agreement has been reached for it to acquire Appalachian Utilities, Inc. (Appalachian).

Key Points: 
  • Pennsylvania American Water announced today that an agreement has been reached for it to acquire Appalachian Utilities, Inc. (Appalachian).
  • Under the terms of the transaction, an affiliate of Pennsylvania American Water will merge with Appalachian and, subsequently, Appalachian will merge into Pennsylvania American Water.
  • “We believe that this transaction with Pennsylvania American Water will ensure that our customers and employees are placed in the hands of another competent, community-minded utility partner going forward.”
    As part of the agreement, Pennsylvania American Water plans to invest more than $6.5 million into the system to upgrade aging water infrastructure.
  • Pennsylvania American Water offers grants and discounted services to customers who qualify through its H2O Help to Others Program .

Pennsylvania American Water Reaches Agreement to Acquire Audubon Water Company

Retrieved on: 
Venerdì, Settembre 22, 2023
Public Policy, Government, Utilities, Natural Resources, Environment, State, Local, Energy, Green Technology, Other Natural Resources, Pennsylvania-American Water Company, Pennsylvania Public Utility Commission, PFAS, Drinking water, Pennsylvania Department of Environmental Protection, AWK, Water, Ageing, American Water, Environmental protection, Acquisition, Road, Public utility, PUC

Pennsylvania American Water announced today that an agreement has been reached for it to acquire Audubon Water Company (Audubon).

Key Points: 
  • Pennsylvania American Water announced today that an agreement has been reached for it to acquire Audubon Water Company (Audubon).
  • Under the terms of the transaction, an affiliate of Pennsylvania American Water will merge with Audubon, with shareholders of Audubon Water receiving shares of AWK common stock in exchange for all of the issued and outstanding shares of Audubon, and subsequently, Audubon will merge into Pennsylvania American Water.
  • Pennsylvania American Water will, over time, interconnect Audubon’s system with Pennsylvania American Water’s Royersford and Norristown systems, eliminating the system’s reliance upon groundwater supply and the need for PFAS-related treatment upgrades.
  • “We look forward to becoming the water service provider for these customers in Lower Providence Township, and we appreciate that the leadership at Audubon Water Company is entrusting us with this privilege,” said Pennsylvania American Water President Justin Ladner.

FirstEnergy’s Pennsylvania Default Service Program DSP-VI Auction: Information Session for Prospective Bidders on Wednesday, September 20, 2023

Retrieved on: 
Martedì, Settembre 19, 2023
Finance, Consulting, Banking, Professional Services, Legal, CRAI, Pennsylvania Public Utility Commission, FirstEnergy, Tenderly: An Informal Session, CRA International, The Information (website), External independent evaluation, Part, FE, NYSE, Auction, Webcast

The auction process will lead up to the auction scheduled for November 6, 2023.

Key Points: 
  • The auction process will lead up to the auction scheduled for November 6, 2023.
  • The auction is being conducted pursuant to FirstEnergy’s Pennsylvania Default Service Program (DSP-VI) as approved by the Pennsylvania Public Utility Commission.
  • The Information Session for prospective bidders for the November auction is scheduled for Wednesday, September 20, 2023.
  • Part 1 Applications from prospective bidders will be accepted starting September 21 and are due no later than October 3.

York Water Company Reports 2nd Quarter and Six Months Earnings

Retrieved on: 
Giovedì, Agosto 3, 2023
Maintenance, IRS, Drinking water, Ageing, Pennsylvania Public Utility Commission, The York Water Company, Growth, Global distribution system, Depreciation, Life insurance, Waverley/Lake William Water Aerodrome

YORK, Pa., Aug. 03, 2023 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2023.

Key Points: 
  • YORK, Pa., Aug. 03, 2023 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2023.
  • President Hand reported that second quarter operating revenues of $18,767,000 increased $3,868,000 and net income of $6,524,000 increased $1,495,000 compared to the second quarter of 2022.
  • Basic and Diluted Earnings per share of $0.45 for the three-month period increased $0.09 compared to the same period last year.
  • The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure.