Investors - MAY 16, 2017

Aqua America to spend $450m on water infrastructure

by Released

Aqua America has plans to invest $450 million in 2017 for rebuilding and replacing water infrastructure in the communities it serves.

Projects are planned across all eight of Aqua’s states to ensure clean and safe water reaches each customer. Aqua’s 2017 infrastructure investment plan includes replacing 150 miles of water mains across eight states, helping to save billions of gallons of water leaking from pipes and water mains.

Between 2012 and 2016, Aqua invested $1.5 billion in infrastructure renewal, including replacement of more than 700 miles of water mains. According to the American Water Works Association, an estimated $1 trillion is needed nationwide to maintain and expand drinking water service over the next 25 years.

The 2017 American Society for Civil Engineers Infrastructure Report Card ranked the United States’ drinking water and wastewater infrastructure “D” and “D+.”

Aqua America is one of the largest U.S.-based, publicly traded water utilities and serves nearly 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia.

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