Voorhees, NJ - July 25, 2007
The Pennsylvania Public Utility Commission has granted its approval for the divestiture of American Water, the largest water services provider in North America, from its parent company RWE, a German-based utility.
Donald L. Correll, president and CEO of American Water, said, "We are pleased that the Pennsylvania Public Utility Commission has issued its order for the approval of the change in ownership of American Water. With this decision, we now have received all the necessary state regulatory approvals. Having reached this significant milestone, we will continue to move ahead with the other required actions we must take to transition to new ownership."
The company received approval for the divestiture in 13 states including Arizona, California, Hawaii, Illinois, Kentucky, Maryland, New Jersey, New Mexico, New York, Pennsylvania, Tennessee, Virginia and West Virginia.
With headquarters in Voorhees, NJ, American Water employs approximately 7,000 dedicated professionals who provide high-quality water, wastewater and other related services to more than 17 million people in 29 states and Canada.