Profile: Aqua America Inc (WTR)
16 Mar 2018
Aqua America, Inc. (Aqua America), incorporated on November 14, 1968, is a holding company. The Company, through its subsidiaries, is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc. Its market-based activities are conducted through Aqua Resources, Inc. (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure). Aqua Resources provides water and wastewater service through operating and maintenance contracts with municipal authorities and other parties close to its utility companies' service territories, and offers, through a third-party, water and sewer line repair service and protection solutions to households. Aqua Infrastructure provides non-utility raw water supply services for firms in the natural gas drilling industry.
The Company's utility customer base is diversified among residential water, commercial water, fire protection, industrial water, other water, wastewater customers and other utility customers (consisting of operating contracts that are closely associated with the utility operations). Its water utility operations obtain their water supplies from surface water sources, underground aquifers and water purchased from other water suppliers. As of December 31, 2016, its water supplies are self-supplied and processed at 20 surface water treatment plants located in four states, and numerous well stations located in all of the states in which it conducts business. As of December 31, 2016, approximately 8% of its water supplies are provided through water purchased from other water suppliers.
The Company owns several wastewater collection systems that convey the wastewater to a municipally-owned facility for treatment. Its properties consist of water transmission and distribution mains and wastewater collection pipelines, water and wastewater treatment plants, pumping facilities, wells, tanks, meters, pipes, dams, reservoirs, buildings, vehicles, land, easements, rights-of-way, and other facilities and equipment used for the operation of its systems, including the collection, treatment, storage, and distribution of water and the collection and treatment of wastewater. As of December 31, 2016, the Company owned, operated and maintained over 12,000 miles of transmission and distribution mains, 21 surface water treatment plants, well treatment stations, and 187 wastewater treatment plants.
Aqua America Inc
762 W Lancaster Ave
BRYN MAWR PA 19010-3489