Morningstar

American Water Works' New Jersey Business Buys Water System for $6.4 Million

Provided by Dow Jones

By Katherine Hamilton 




  American Water Works' New Jersey subsidiary has agreed to acquire the water system in Hopewell Borough, N.J., for $6.4 million. 



  New Jersey American Water, the state's major water-utility company, plans to invest $7 million in infrastructure improvements within the first five years of ownership, it said Thursday. 



  Improvements will include identifying and replacing lead and galvanized-steel service lines by 2031, as well as replacing aging water mains. 



  The Hopewell water system serves more than 880 customer connections. Hopewell voters approved the sale of the system in November, with 58% voting in favor of the sale. 



  New Jersey American Water expects to complete the deal in the first half of 2026, subject to approval from the New Jersey board of public utilities. 





  Write to Katherine Hamilton at katherine.hamilton@wsj.com 





  (END) Dow Jones Newswires



  December 18, 2025 14:13 ET (19:13 GMT)


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