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United Water to Manage New Jersey Municipal System, Record Says

July 22 (Bloomberg) -- The United Water unit of Suez Environnement Co., Europe’s second-biggest water company, agreed to manage Allendale, New Jersey’s water system, The Record said.

The state’s Board of Public Utilities voted unanimously to approve the agreement, which takes effect Aug. 1, according to the New Jersey-based newspaper. United takes over billing operations beginning Aug. 11.

United bid $590,000 to manage the system over five years, the lowest of three offers, the Record said. The company has no input on water rates, which the borough will continue to set, Veolia Environnement SA is Europe’s biggest water company.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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