AMERICAN WATER WORKS COMPANY, INC. May 15, 2015 Richard G. Barnes richard.barnes@amwater.com
856-782-2371
New Jersey American Water Buys Hillside Hydrants VOORHEES, NJ (May 15, 2015) -New Jersey American Water has purchased nearly 500 fire hydrants from the Township of Hillside for approximately $232,665. With this transaction, New Jersey American Water now owns, services, and maintains all the fire hydrants within its service territories.
"Managing water infrastructure and providing customer service is New Jersey American Water's core business," said Robert Schaefer, senior director of operations for New Jersey American Water's Central Operations. "We're are pleased to complete this acquisition that enables us to provide safe, proper and adequate fire protection for the residents and business owners in Hillside Township. It's a win-win for everyone."
"The sale of our hydrants is a win for the Hillside Fire Department and for the taxpayers, "said Hillside Fire Chief Dominick Nolan. "Hydrant repair and maintenance costs have shifted from Hillside to New Jersey American Water. The sale expedites the repair and replacement of all out-of-service fire hydrants, and increases department response time for locating operational hydrant during fire emergencies."
New Jersey American Water, a wholly owned subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.6 million people. Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 6,400 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to approximately 15 million people in more than 47 states, as well as parts of Canada. More information can be found by visiting www.amwater.com.
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