Daily News | Judge recommends denial of Aqua’s $17.5 million bid to buy Chesco town’s sewer system
A Pennsylvania administrative law judge has recommended the state reject Aqua Pennsylvania’s proposed $17.5 million acquisition of a Chester County town’s sewer system, a roadblock in the race by private utilities to acquire public water and wastewater systems under a 2016 law thatAdministrative Law Judge Jeffrey A.
that encourages municipalities to sell their water and wastewater utilities at sometimes very attractive prices, which critics say is leading to an upward spiral of water and sewer rates for customers of companies like Aqua.In Philly suburbs, sewer systems are for sale, and citizens push back, fearing rate hikes
Pennsylvania’s Office of Consumer Advocate argued that the Willistown sale would cause an 86% increase in the bills for Willistown sewer customers, who currently pay about $63.63 a month. Aqua proposed shifting some of the costs to its existing customers, reducing the impact on Willistown customers to a 43% increase.
But Watson found that Willistown’s relatively new system is well-run and adequately financed, and the affluent township has $20 million in its bank accounts and is “financially fit to complete any necessary improvements and upgrades.” As a private company, Aqua needs to generate a profit for investors and to pay higher borrowing costs than municipal owners. It also pays federal and state taxes, which the non-profit municipal systems do not pay.
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