Illinois American Water acquires Village of Tolono water systems for $9.4 million
(UI) – Illinois American Water, a subsidiary of American Water, announced the acquisition of the Village of Tolono water and wastewater systems for $9.416 million. The newly acquired systems add approximately 1,295 water and 1,254 wastewater customers to the company’s eastern Illinois service area.
According to Village of Tolono Mayor Rob Murphy, the sale of the water and wastewater systems to Illinois American Water, “will provide the residents of Tolono with industry experts focused on upgrading the water and wastewater systems.” He continued, “The Village will benefit from capital investments which will allow the Village an opportunity for community development and growth.”
Illinois American Water is planning to invest approximately $17 million in the first five years of ownership to upgrade the Village of Tolono water and wastewater systems. Work will include replacing water meters, water mains and wastewater mains. Improvements to lift stations, including replacing pumps, will improve wastewater system reliability. Safety and security systems will also be upgraded.
Brian Wiemers, Senior Manager of Operations for Illinois American Water’s Eastern Division said, “We are happy to directly serve Tolono residents. We are looking forward to supporting the community and partnering with the Village of Tolono. We appreciate the Village’s trust and confidence in our team.”
Related News
From Archive
- OSHA issues 16 citations following fatal sewer confined space incident
- 27 pipeline safety violations tied to deadly Pa. chocolate factory explosion
- Contractor gas line strike triggers home explosion in Missouri
- LA recovery reports call for $650 million power line burial, major utility upgrades in Pacific Palisades
- Comprehensive microtrenching FAQ: Key insights on the Vermeer MTR516 microtrencher
- T-Mobile to expand fiber broadband infrastructure footprint with $4.9 billion Metronet acquisition
- First tunnel boring machines complete testing for Hudson Tunnel Project
- NWPX grows water infrastructure portfolio with Colorado precast facility
- Cityside launches $100 million fiber build in Corona, Calif.
- FiberLight to build 1,400-mile West Texas dark fiber network in $350 million expansion
Comments