Pennsylvania American Water to Acquire McKeesport Wastewater System

Pennsylvania American Water, a subsidiary of American Water, announced it has signed an asset purchase agreement to acquire the McKeesport wastewater system. The agreement signing follows recent votes by the McKeesport City Council and the Municipal Authority of the City of McKeesport (MACM) in favor of Pennsylvania American Water purchasing the wastewater assets.

“I firmly believe this transaction is being made in the best interest of the wastewater customers served by this system now and in the future,” McKeesport mayor Michael Cherepko said. “It became very clear to this administration that the only way to save our community from municipal bankruptcy, while continuing to offer the same level of services our residents deserve, would be to transfer our local sewage system to a regional or national utility company. This transaction will balance the city’s current financial problems, allow this administration to safeguard the city’s future and ensure reliable wastewater service for 22,000 customers.”