financetom
Business
financetom
/
Business
/
Pennsylvania American Water Completes Acquisition of the Corner Water Supply and Service Corporation Water System
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Pennsylvania American Water Completes Acquisition of the Corner Water Supply and Service Corporation Water System
Nov 20, 2025 2:59 PM

MECHANICSBURG, Pa.--(BUSINESS WIRE)--

Pennsylvania American Water today completed its acquisition of the Corner Water Supply and Service Corporation (Corner Water) water system for $250,000. The newly acquired water system serves approximately 450 customer connections in Shippenville, Clarion County. Pennsylvania American Water already provides wastewater service to nearly all of these customers.

“Many of the former Corner Water customers know Pennsylvania American Water as their trusted wastewater service provider, and now we’re excited to have the opportunity to welcome them as new water customers as well,” said Pennsylvania American Water President Justin Ladner. “Soon, we’ll connect these customers to our Clarion system, delivering the benefits of regionalization and improved reliability. Our goal is safe, clean, reliable and affordable water backed by decades of expertise.”

Over the next five years, Pennsylvania American Water plans to invest more than $4.3 million in improvements to the Corner Water system to meet regulatory, safety and security standards while keeping rates affordable for customers. The improvements include connecting the water system to the company’s existing Clarion water system and replacing all water meters to help ensure billing accuracy and reduce the need for estimated bills. The company has a long and successful track record of providing solutions for water systems facing significant capital investment needs and making the necessary investments to meet current and future regulatory requirements. Learn more at pennsylvaniaamwater.com/infrastructure.

As many water and wastewater systems across Pennsylvania face challenges stemming from aging infrastructure and increasing water quality and environmental regulations, regional consolidation, as seen in this acquisition, has been identified as a viable solution. Pennsylvania American Water’s scale as the commonwealth’s largest water and wastewater company differentiates it from other service providers in terms of the types of solutions it can offer communities in need.

Corner Water’s decision in September 2024 to sell its water system to Pennsylvania American Water was made with customers in mind—helping ensure critical upgrades, meeting regulatory requirements and providing uninterrupted access to clean, safe water.

“We decided to sell after considering the investments necessary to address aging infrastructure and the challenging regulatory environment. Pennsylvania American Water will continue to provide customers with a clean, safe and abundant water supply,” said Corner Water Principal Owner Tom Weaver. “We can't think of a better company to continue servicing our customers.”

The Pennsylvania Public Utility Commission (PUC) approved the acquisition on Sept. 2, 2025. Pennsylvania American Water will adopt the rates currently charged to the system’s customers. As the PUC regulates the company’s rates and service rules, any future changes to rates must be reviewed and approved by the Commission.

Pennsylvania American Water offers several customer assistance programs, including its longstanding H2O Help to Others Program™, which provides income-eligible customers with grants of up to $500 per year for each water and wastewater service, significant discounts on monthly bills and water-saving devices and education.

About American Water

American Water is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,700 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Pennsylvania American Water

Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.4 million people.

Source: Pennsylvania American Water

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cascades Has Raised Price of URB, according to Truist Securities
Cascades Has Raised Price of URB, according to Truist Securities
Mar 19, 2025
03:05 PM EDT, 03/19/2025 (MT Newswires) -- According to Truist Securities, Fastmarkets RISI reported Wednesday that Cascades (CAS.TO) announced a US$70/ton price increase on uncoated recycled paperboard (URB) effective April 21. It noted CAS is the fourth-largest North American URB producer by capacity. Truist views this announcement as positive for Sonoco Products (SON) and Greif (GEF). Truist said: While the...
Refile: Cascades Has Raised Price of URB, according to Truist Securities
Refile: Cascades Has Raised Price of URB, according to Truist Securities
Mar 19, 2025
03:06 PM EDT, 03/19/2025 (MT Newswires) -- According to Truist Securities, Fastmarkets RISI reported Wednesday that Cascades (CAS.TO) announced a US$70/ton price increase on uncoated recycled paperboard (URB) effective April 21. It noted CAS is the fourth-largest North American URB producer by capacity. Truist views this announcement as positive for Sonoco Products (SON) and Greif (GEF). Truist said: While the...
AT&T Likely to Report Q1 Revenue Slightly Below Estimates, RBC Capital Markets Says
AT&T Likely to Report Q1 Revenue Slightly Below Estimates, RBC Capital Markets Says
Mar 19, 2025
03:05 PM EDT, 03/19/2025 (MT Newswires) -- AT&T ( T ) is likely to report Q1 revenue slightly below estimates, with EBITDA clocking in ahead of forecasts, RBC Capital Markets said in a note emailed Wednesday. The firm expects Q1 revenue of $30.2 billion and EBITDA of $11.4 billion. The estimates compare to consensus forecasts of $30.4 billion and $11.3...
What's Going On With Stereotaxis Shares Wednesday?
What's Going On With Stereotaxis Shares Wednesday?
Mar 19, 2025
Stereotaxis, Inc. ( STXS ) shares are moving higher on Wednesday after the company announced it was accepted into the NVIDIA Corporation ( NVDA ) Connect program. What To Know: Stereotaxis ( STXS ) was accepted into the NVIDIA Connect program, which supports member companies with NVIDIA’s software development resources, frameworks and software development kits. “We greatly appreciate the support...
Copyright 2023-2026 - www.financetom.com All Rights Reserved