Indiana American Water to gain 8,000 water customers with Silver Creek Water acquisition
(UI) – Members of the Silver Creek Water Corporation have voted for Indiana American Water to become the trusted provider of water service to the area in southern Indiana.
Silver Creek Water recently notified its membership that nearly 74% of the members that cast ballots voted yes in favor of the acquisition. “Indiana American Water already provides high-quality water to our system, and we’re confident that they will continue to provide excellent service to our current and future customers,” said Silver Creek Water Corporation Board President Doug Chumbler. “The sale to Indiana American Water will also provide several benefits, including long-term rate stability, access to capital, a commitment to operating efficiently, and the ability to leverage its size and buying power to procure goods and services less expensively.”
American Water and Silver Creek Water have entered into a signed agreement for the acquisition. If approved by the Indiana Utility Regulatory Commission, approximately 8,000 water customers would be added to Indiana American Water’s service footprint.
“We look forward to welcoming Silver Creek residents into the Indiana American Water family, joining the approximately 1.4 million customers that receive clean, safe, reliable and affordable water service provided by our dedicated and experienced team,” said Indiana American Water President Matt Prine.
American Water is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, American Water provides 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 6,500 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.
As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
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