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
- HDD industry faces challenges as cities push back on fiber drilling disruptions
- 2 workers killed, 1 injured while working on sewer line in Mobile, Ala.
- Tunnel boring continues under Chesapeake Bay for $3.9 billion HRBT Expansion project
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
- Judge approves construction for key portion of $485 million pipeline in Larimer County, Colo.
- New products: Latest industry developments
- 31 workers rescued after LA tunnel partially collapses
- Ohio Supreme Court rules sewer line location isn’t a ‘defect’ in property dispute
- Faulconer Construction begins rock blasting for water pipeline project in Charlottesville, Va.
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
Comments