Pennsylvania American Water is paying about $96 million to expand its wastewater service in Central Pennsylvania.
The Dauphin County-based company, the commonwealth’s largest regulated provider of water and wastewater service, today announced it is buying the wastewater system in Exeter Township, Berks County.
The deal with Pennsylvania American follows a request for proposals by the township in March 2017 to sell the system, which serves about 9,000 customers.
Pennsylvania American Water, which recently agreed to a wastewater deal in Chester County, said it expects to close on the Exeter Township deal by the end of the first quarter of 2019, pending regulatory approvals.
The utility company needs approvals from the state Public Utility Commission and the state Department of Environmental Protection.
Pennsylvania American also has agreed to spend $3 million on system improvements.
In December, Pennsylvania American completed the $159 million acquisition of a large municipal wastewater system in the Pittsburgh area. Other recent deals include the $195 million acquisition of the Scranton Sewer Authority’s wastewater system.
Pennsylvania American Water serves about 2.4 million people in Pennsylvania. The Derry Township company is a subsidiary of New Jersey-based American Water.