Pine Bluff Water Provider Sells To Canadian Firm
by July 23, 2012 12:49 am 198 views
United Water, a subsidiary of Suez Environment, has reached an agreement to sell its regulated water operations in Arkansas for $28.6 million to Liberty Utilities Co., a wholly owned subsidiary of Algonquin Power & Utilities, a publicly traded Canadian energy company with water and wastewater interests in four states: Arizona, Illinois, Missouri and Texas.
The transaction, which is scheduled to close in the fourth quarter, is subject to regulatory approval by the Arkansas Public Service Commission.
United Water Arkansas provides domestic water service to about 49,000 people in Pine Bluff, Arkansas. The company provides sewer and solid waste billing services to the city of Pine Bluff as well and has bulk water sales agreements with the community o
f White Hall and the Hardin Water Association.
The company has 13 wells, 388 miles of mains, and three water treatment facilities with a combined capacity of 20 million gallons per day. It said its Arkansas regulated operations represent less than two percent of the company’s total regulated revenues.
”We have been serving the residents and businesses of the Pine Bluff community for nearly 20 years and we appreciate the trust our customers had in our ability to provide them with clean, safe and reliable drinking water,” said United Water CEO Bertrand Camus said. “We’re very confident that our customers will be in good hands when this transaction closes as Liberty Utilities Co. is an outstanding company that will serve Pine Bluff well.”