Aqua America Says New Texas Fair Market Value Law for Water Utilities Benefits Municipalities and Customers
Franklin also noted the benefits of the law to municipal water utilities. “The new fair market value law offers important solutions to
“The fair market value legislation is a helpful optional tool for small cities who are struggling to provide safe, clean water to their residents at an affordable price,” said Sen.
The House bill sponsor, Rep. Dade Phelan (R-
Aqua Texas President
In 2017, the
Aqua America is the second-largest publicly traded water utility based in the U.S., and serves more than 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Visit AquaAmerica.com for more information and follow Aqua on Facebook at facebook.com/MyAquaAmerica and on Twitter at @MyAquaAmerica.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others: that the legislation will allow the Company to pay fair market value for water and wastewater assets benefiting local governments, customers and the environment and that the Company will be able to create value through its expertise, economies of scale, and deliver efficiencies. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions; the company’s ability to leverage its compliance expertise, economies of scale, purchasing power, and operational experience; the company's ability to fund needed infrastructure; changes in regulations or regulatory treatment; availability and access to capital; the cost of capital; disruptions in the credit markets; and other factors discussed in our Annual Report on Form 10-K and our Quarterly Report on Form 10-Q, which are filed with the
Brian Dingerdissen, Investor Relations
Stacey Hajdak, Communications