Aqua America

Essential’s Pennsylvania Wastewater Subsidiary Purchases East Norriton System

Retrieved on: 
Monday, June 22, 2020
Other Energy, Utilities, Oil, Gas, Natural Resources, Environment, Energy, Other Natural Resources, Mining, Minerals, Aqua America, East Norriton Township, Montgomery County, Pennsylvania

Essential Utilities Inc. (NYSE: WTRG) announced today its Pennsylvania subsidiary acquired the approximately 5,000-connection wastewater assets of East Norriton Township in Montgomery County for $21 million.

Key Points: 
  • Essential Utilities Inc. (NYSE: WTRG) announced today its Pennsylvania subsidiary acquired the approximately 5,000-connection wastewater assets of East Norriton Township in Montgomery County for $21 million.
  • Were pleased to add the East Norriton community to our growing wastewater footprint in Southeastern Pennsylvania, said Essential CEO Chris Franklin.
  • Aqua Pennsylvania Wastewater President Marc Lucca said, We are excited to welcome the customers of the East Norriton community and look forward to providing them excellent wastewater service that will meet customer expectations and protect the environment.
  • Aqua Pennsylvania provides water and wastewater service to approximately 1.4 million people in 32 counties throughout the Commonwealth of Pennsylvania.

Essential Utilities Reports Financial Results for Q1 2020

Retrieved on: 
Wednesday, May 6, 2020
Oil, Gas, Natural Resources, Energy, Other Natural Resources, Utilities, GAAP, Reconciliation, Aqua America, Economy of the United States, Business

Essential Utilities Inc. (NYSE:WTRG) (Essential), formerly Aqua America Inc., today reported results for the first quarter ended March 31, 2020.

Key Points: 
  • Essential Utilities Inc. (NYSE:WTRG) (Essential), formerly Aqua America Inc., today reported results for the first quarter ended March 31, 2020.
  • Results for the first quarter of 2020 include Peoples transaction-related items and include the operating results of Peoples, Essentials regulated natural gas segment, from the closing on March 16, 2020 until the quarter end.
  • Please refer to the reconciliation of GAAP to non-GAAP financial measures later in this press release for additional information on Essentials use of non-GAAP financial measures as a supplement to its GAAP results.
  • On Jan. 24, 2020, Essential Utilities closed its acquisition of the water system of Campbell, Ohio, a utility with approximately 3,100 customer connections.

Essential Utilities Believes New Virginia Fair Market Value Legislation for Water Utilities Benefits Municipalities and Customers

Retrieved on: 
Thursday, April 23, 2020
Public policy, Government, State, Local, Other Natural Resources, Utilities, Environment, Natural Resources, Energy, Environmental engineering, Hydraulics, Water supply network, Aqua, Public utility, Pricing, Economy, Service industries, Engineering, Aqua America

Essential Utilities Inc. (NYSE: WTRG) today said new legislation in Virginia will allow regulated water utilities to pay a fair market value for the purchase of water and wastewater systems, benefiting local governments, customers and the environment.

Key Points: 
  • Essential Utilities Inc. (NYSE: WTRG) today said new legislation in Virginia will allow regulated water utilities to pay a fair market value for the purchase of water and wastewater systems, benefiting local governments, customers and the environment.
  • Essentials Aqua Virginia water utility provides water and wastewater service to about 80,000 people in 37 counties statewide.
  • Fair market value legislation will allow Aqua Virginia to offer solutions to municipalities to help them meet ever-increasing health and environmental standards and the costs of replacing their aging water and wastewater infrastructure, said Franklin.
  • Virginia has become the eighth and final state served by Aqua water utilities to pass legislation providing the opportunity for municipal utilities to receive a fair market value for their systems.

Aqua Pennsylvania Resumes Critical Infrastructure Projects With State Recognition of Its “Life-Sustaining Service”

Retrieved on: 
Monday, April 6, 2020
Natural Resources, Energy, Environment, Other Natural Resources, Utilities, Aqua America, Aqua

Aqua Pennsylvania announced today that it is resuming its infrastructure improvement program this week with the start of main replacement projects and the resumption of others that were temporarily suspended due to the COVID-19 pandemic.

Key Points: 
  • Aqua Pennsylvania announced today that it is resuming its infrastructure improvement program this week with the start of main replacement projects and the resumption of others that were temporarily suspended due to the COVID-19 pandemic.
  • Pennsylvania Governor Tom Wolf has identified Aqua as part of the life-sustaining business sector that contributes to the health and safety of Pennsylvania, said Aqua Pennsylvania President Marc Lucca.
  • Lucca said the utility is making some changes to its pipe replacement projects as a result of the pandemic.
  • Aqua Pennsylvania serves approximately 1.4 million people in 32 counties throughout the Commonwealth of Pennsylvania.

Essential Announces New Vice President, Production for Its Largest Water and Wastewater Subsidiary

Retrieved on: 
Thursday, April 2, 2020
Utilities, Energy, Sewerage, Water, Aqua America, Wastewater, Todd, Water industry, Aqua

Essential Utilities announced today that its largest water and wastewater subsidiary, Aqua Pennsylvania has hired 27-year water utility industry veteran Todd Duerr as vice president, production.

Key Points: 
  • Essential Utilities announced today that its largest water and wastewater subsidiary, Aqua Pennsylvania has hired 27-year water utility industry veteran Todd Duerr as vice president, production.
  • View the full release here: https://www.businesswire.com/news/home/20200402005739/en/
    Todd Duerr has been hired as vice president of production for Aqua Pennsylvania, the largest water and wastewater subsidiary of Essential Utilities Inc. (Photo: Business Wire)
    We are fortunate to have a water professional with Todds experience lead our production team at Aqua, said Essential Chairman and CEO Chris Franklin.
  • Todd brings a variety of water and wastewater industry operations experience required to lead our companys largest water production operation.
  • Our production team treats and delivers an average of 115 million gallons of drinking water throughout Pennsylvania each day, said Lucca.

Essential Utilities Breaks Ground on New Water Quality Laboratory to Serve Aqua Customers

Retrieved on: 
Friday, March 6, 2020
Science, Other Energy, Utilities, Research, Natural Resources, Environment, Energy, Other Natural Resources, Chemistry, Physical sciences, Water, Aqua America, Water testing

Our company was founded by Swarthmore college professors whose concern for water quality inspired them to build a pumping station for their community.

Key Points: 
  • Our company was founded by Swarthmore college professors whose concern for water quality inspired them to build a pumping station for their community.
  • That attention to water quality remains at the center of all we do today and is key to our ability to provide our customers with safe drinking water every day, said Franklin.
  • Lucca said that water and wastewater testing capability and expertise is necessary for drinking water and wastewater operations.
  • Aqua Pennsylvania is a subsidiary of Essential Utilities Inc. and serves approximately 1.4 million people in 32 counties throughout the Commonwealth of Pennsylvania.

Aqua America Declares March 2020 Dividend

Retrieved on: 
Friday, January 31, 2020
Energy, Professional services, Utilities, Finance, Dividends, Shareholders, Aqua America, Economy

The board of directors of Aqua America (NYSE: WTR) today declared a quarterly cash dividend of $0.2343 per share, payable on March 1, 2020 to all shareholders of record on Feb. 14, 2020.

Key Points: 
  • The board of directors of Aqua America (NYSE: WTR) today declared a quarterly cash dividend of $0.2343 per share, payable on March 1, 2020 to all shareholders of record on Feb. 14, 2020.
  • Aqua America recently announced that its new company name, Essential Utilities Inc., will take effect on Monday, Feb. 3.
  • Aqua America has paid consecutive quarterly cash dividends for 75 years and has increased the dividend 29 times in the last 28 years.
  • Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR.

Aqua America to Report Earnings for Q4 and Full-Year 2019, Announce 2020 Guidance and Host Investor Day Feb. 27

Retrieved on: 
Wednesday, January 29, 2020
Energy, Natural Resources, Utilities, Other Natural Resources, Musical groups, Aqua America, Aqua Teen Hunger Force, Aqua, New York Stock Exchange, Musicians

Aqua America Inc. (NYSE: WTR) expects to report earnings for the quarter ending Dec. 31, 2019 and the full year 2019 following market close Feb. 26, 2020.

Key Points: 
  • Aqua America Inc. (NYSE: WTR) expects to report earnings for the quarter ending Dec. 31, 2019 and the full year 2019 following market close Feb. 26, 2020.
  • Aqua will also host an investor day on Thursday, Feb. 27 at 8:30 a.m. Eastern Time at the New York Stock Exchange.
  • Aqua America recently announced that its new company name, Essential Utilities Inc., will take effect on Monday, Feb. 3.
  • Aqua America Chairman and CEO Christopher Franklin and other members of Aquas senior leadership team will present full-year 2019 financial results, 2020 guidance, the companys growth strategy, an overview of operations and other key topics on Feb. 27.

Aqua America Announces New Name and Executive Leadership Team Ahead of Peoples Closing

Retrieved on: 
Thursday, January 16, 2020
Energy, Other Energy, Utilities, Oil, Gas, Government procurement in the United States, United States administrative law, Aqua America, Peoples

In addition, the company is also announcing the members of the executive leadership team that will report to Chairman and CEO Christopher Franklin.

Key Points: 
  • In addition, the company is also announcing the members of the executive leadership team that will report to Chairman and CEO Christopher Franklin.
  • The announcement comes after the Peoples acquisition received regulatory approval at the Pennsylvania Public Utility Commissions January 16 meeting.
  • Effective at the close of the transaction, Peoples will become a subsidiary of Essential, with the company tagline Providing natural resources for life.
  • Such forward-looking statements include, but are not limited to statements relating to the business and leadership team following the acquisition of Peoples.

Aqua America Recognized by Forum of Executive Women with Advancing Women Company Award

Retrieved on: 
Friday, December 6, 2019
Women, Utilities, Natural Resources, Human resources, Energy, Professional services, Consumer, Other Natural Resources, Musical groups, Aqua America, Diversity, Aqua, New York Stock Exchange, Musicians, Human activities

Aqua America Inc. (NYSE: WTR) received the Forum of Executive Womens Advancing Women Company Award on Nov. 14.

Key Points: 
  • Aqua America Inc. (NYSE: WTR) received the Forum of Executive Womens Advancing Women Company Award on Nov. 14.
  • Aqua values the incredible women who work here, and we continue to create opportunities for women to grow and succeed throughout the company.
  • Aqua also was recognized as a Champion of Board Diversity by the Forum of Executive Women in 2016.
  • The Forum of Executive Women is a membership organization of more than 450 women executive leaders across the Greater Philadelphia region.