Breaking News

Tweet TWEET

United Water Completed Sale of Regulated Operations in Arkansas

  United Water Completed Sale of Regulated Operations in Arkansas

Business Wire

HARRINGTON PARK, N.J. -- February 1, 2013

United Water, a subsidiary of SUEZ ENVIRONNEMENT, announced today that it had
completed the sale of its regulated water operations in Arkansas for $27.6
million to Liberty Utilities Co., a wholly owned subsidiary of Algonquin Power
& Utilities Corp., a publicly traded Canadian company. Liberty Utilities has
water and wastewater interests in Arizona, Arkansas, Illinois, Missouri and
Texas.

Bertrand Camus, Chief Executive Officer of United Water, stated that the sale
of the company’s regulated business in Arkansas is consistent with the United
Water’s strategy to optimize its portfolio of regulated companies and
municipal contracts. The Arkansas regulated operations represent less than two
percent of the company’s total regulated revenues and this divestiture will
enable capital reallocation while customers will benefit from continued
quality service from a well-respected water provider.

“We served the residents and businesses of the Pine Bluff community for nearly
20 years and we appreciated the trust our customers had in our ability to
provide them with clean, safe and reliable drinking water,” Camus said. “We’re
thankful for the opportunity to be a vibrant part of the Southeast Arkansas
community, and we’re very confident that our customers will be in good hands
as Liberty Utilities Co. is an outstanding company that will serve Pine Bluff
well.”

Over the years, United Water has made multimillion dollar investments to
improve water quality, service and reliability for its customers. Those
investments include transmission and distribution systems and pumping
equipment, as well as correcting system flow deficiencies.

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 of 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 (MGD). United Water Arkansas
is regulated by the Arkansas Department of Health and the Arkansas Public
Service Commission.

About United Water

United Water is one of the nation’s leading environmental companies, providing
water and wastewater services to approximately 5.7 million people in the
United States. In addition to owning and operating 20 water utilities, United
Water operates 100 municipal and industrial water and wastewater systems
through innovative public-private partnerships and contract agreements.
Founded in 1869, United Water is a subsidiary of SUEZ ENVIRONNEMENT.

About SUEZ ENVIRONNEMENT

Natural resources are not infinite. Each day, SUEZ ENVIRONNEMENT (Paris: SEV,
Brussels: SEVB) and its subsidiaries deal with the challenge of protecting
resources by providing innovative solutions to industries and to millions of
people. SUEZ ENVIRONNEMENT supplies drinking water to 91 million people,
provides wastewater treatment services for 63 million people and collects the
waste produced by close to 57 million people. SUEZ ENVIRONNEMENT has 80,410
employees and, with its presence on a global scale, is a world leader
exclusively dedicated to environmental services. SUEZ ENVIRONNEMENT, a 35.7%
GDF SUEZ affiliate, reported sales turnover of 14.8 billion Euros ($18.8
billion USD) at the end of financial year 2011.

Contact:

Press:
United Water
Rich Henning, 201-767-9300
or
Mark Snider, 208-362-7328
 
Press spacebar to pause and continue. Press esc to stop.