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American Water closes $1.5M Tennessee purchase

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Voorhees-based American Water Works Co. Inc. announced Tuesday closure of its acquisition of the water system of Whitwell, Tennesee for $1.5 million.

According to the announcement, Tennessee American Water serves nearly 2,800 customers in Marion and Sequatchie Counties. The Tennessee Regulatory Authority (TRA) approved the deal in February 2013. Over the next few years, Tennessee American Water plans to make needed investments to renew and replace the aging water infrastructure in the communities and areas currently served by the Whitwell water system.

American Water announced last Friday its chief executive will retire in May.

 
 

Write to the Editorial Department at editorial@njbiz.com

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