American Water (NYSE: AWK), the nation’s largest publicly traded water and wastewater utility company, announced today it has been awarded the operation and maintenance contract for the City of Camden water and sewer services. The contract award, which is valued at approximately $125 million over a term of ten years, follows a period of negotiations after the company’s Contract Services Group was selected through a competitive bid process. American Water’s Contract Services Group is part of the company’s market-based American Water Enterprises subsidiary.
American Water’s regulated subsidiary, New Jersey American Water, currently owns and operates water systems serving one-third of the city of Camden. Residents who receive their water service from New Jersey American Water are unaffected by this operations and maintenance contract.
“We are pleased to award this contract to American Water for the City’s water and sewer services,” said Mayor Dana L. Redd. “American Water is the nation’s leading water and wastewater utility company, with a proven track record, here in south Jersey and all across the country. The operations and maintenance contract with American Water Contract Services Group provides increased utility service while reducing costs to the city. These savings will help pay for needed system improvements, which will provide better service for our residents and businesses.”
“We are excited to operate and improve the water and sewer systems serving the city of Camden through this contract,” said David Choate, president of American Water Contract Services. “Through our operations, engineering, and technology expertise, we are looking forward to implementing changes and partnering with the City to make critical system improvements to reduce water loss, improve water taste, help better manage stormwater issues and provide high quality service to the City’s utility customers.”
Beginning February 1, 2016, the city’s water and sewer system customers will be managed by American Water’s Contract Services Group. The company expects a smooth transition for customers. Customers will receive information in their regular billing cycle beginning in February.
American Water’s Contract Services Group provides water and wastewater management solutions for municipal and industrial clients. The company pioneers solutions for optimizing the total water cycle, turning liquids, solids and gases to its customers' advantage. The Contract Services Group is part of American Water Enterprises, a market-based subsidiary of American Water.
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 approximately 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found at www.amwater.com.
Denise Venuti Free