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Aqua makes $3M payment toward purchase of Lower Makefield's wastewater system

LOWER MAKEFIELD Aqua Pennsylvania Wastewater has completed a good-faith payment of $3 million toward the purchase of the municipal wastewater system of Lower Makefield.
The company announced in September that it had signed an asset purchase agreement to acquire the municipalityâs wastewater assets for $53 million. The pending transaction is subject to Pennsylvania Public Utility Commission approval.
âThis good-faith deposit, will help Lower Makefield Township meet its 2021 budget obligations while the transaction makes its way through the regulatory approval process with the Public Utility Commission, said Aqua Pennsylvania Wastewaster President Marc Lucca.
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âIn addition to the assurance of reliable wastewater service provided by experienced licensed operators and engineering professionals, another benefit of this transaction is that the proceeds from the sale will enable the township to direct the funds to areas they identify as ....

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Aqua Pennsylvania Wastewater Makes $3 Million Payment Toward Purchase of Lower Makefield Township Municipal Wastewater System

Aqua Pennsylvania Wastewater announced today it has completed a good-faith payment of $3 million toward the purchase of the municipal wastewater system of Lower Makefield Township in Bucks County, Pennsylvania. The ....

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