New Jersey American Water Acquires Hopewell Borough Water System
New Jersey American Water announced its plan to purchase the water system in Hopewell Borough for $6.4 million. This follows a successful referendum where a majority of the voters voiced their support for the sale. The system serves more than 880 customer connections, and the acquisition marks a new chapter in water service for the residents of Hopewell.
"We are honored to earn the trust of Hopewell Borough and its residents," stated Mark McDonough, president of New Jersey American Water. The company is no stranger to the community, having supplied water through an agreement for several years. This familiarity is expected to ease the transition for new customers.
New Jersey American Water has committed to an initial investment of $7 million over the first five years following the acquisition. This funding aims to modernize the infrastructure significantly, addressing crucial issues such as lead service lines and other aging components of the system.
Future Improvements Planned for Water Infrastructure
Key improvements that will be part of the plan include:
- Identifying and replacing utility-owned and customer-owned lead and galvanized steel service lines by 2031.
- Replacing aging water mains to ensure a reliable water supply.
New Jersey American Water has committed to performing a thorough assessment of the system upon taking ownership. This analysis will help identify any additional upgrades necessary for maintaining high service standards.
Community Support and Commitment to Excellence
Hopewell Mayor Ryan Kennedy expressed enthusiasm regarding the acquisition, highlighting the importance of modernizing water infrastructure to ensure safe, reliable service. He noted that this step allows for reductions in water rates while concurrently working on necessary budget changes.
"This is not just progress; it’s an ongoing commitment to sustainability and affordability for our community," Kennedy remarked. The collaboration between the borough and New Jersey American Water aims to foster a seamless transition for customers, underscoring the utility's pledge to public service and community engagement.
About New Jersey American Water
New Jersey American Water operates as the largest regulated water utility in the state, providing essential services to approximately 2.9 million people. Being a subsidiary of American Water, they carry a legacy of safety and reliability. Their vast operations not only focus on delivering clean water but also on ensuring wastewater services for their broad customer base.
American Water, with its origins tracing back to 1886, stands as the leading water and wastewater utility organization in the United States, dedicated to maintaining the highest standards in service quality. Their commitment resonates through their motto, "We Keep Life Flowing®", as they strive to meet the needs of diverse communities.
With over 6,700 skilled professionals on board, New Jersey American Water uses its expansive resources and expertise to implement excellent management strategies that benefit customers and stakeholders alike.
Frequently Asked Questions
What is the amount New Jersey American Water will invest in the Hopewell water system?
New Jersey American Water will invest $7 million in infrastructure improvements over the first five years of ownership.
How will the acquisition benefit Hopewell residents?
Residents can expect enhancements in water infrastructure, reduced lead service lines, and potentially lower water rates as the system modernizes.
Who is the president of New Jersey American Water?
Mark McDonough is the president of New Jersey American Water.
When is the anticipated completion date for the acquisition?
The acquisition is expected to be completed in the first half of 2026, pending approval from the New Jersey Board of Public Utilities.
What is the history of American Water?
American Water has a rich history that dates back to 1886 and is recognized as the largest regulated water and wastewater utility company in the United States.
