Middlesex Water Subsidiary to Acquire Water Systems
October 08 2019 - 4:20PM
Middlesex Water Company (“Middlesex” or the “Company”)
(NASDAQ:MSEX) a provider of water and wastewater services, today
announced that its subsidiary, Tidewater Utilities, Inc.
(“Tidewater”), has received approval from the Delaware Public
Service Commission (DEPSC) to acquire the Wilkerson Water Company
(Wilkerson) and the Broadkiln Beach Water Company (Broadkiln), both
in Delaware, from J.H. Wilkerson & Son, Inc. Customers of these
companies will be served by Tidewater’s regulated water utility
business that currently serves more than 47,000 accounts throughout
Delaware.
The DEPSC approval also authorizes Tidewater to maintain the
existing rates the Wilkerson and Broadkiln customers currently pay.
Wilkerson provides service through over 500 customer connections
through 7 community water systems in Kent and Sussex Counties,
Delaware. Broadkiln provides service through over 500 customer
connections in the Broadkiln Beach community bordering the Delaware
Bay in Sussex County, Delaware.
“We are pleased to welcome customers of Wilkerson Water and
Broadkiln Beach Water Companies to the Tidewater family and we
thank David Wilkerson for working to ensure a smooth transition,”
said A. Bruce O’Connor, President of Tidewater Utilities.
“Tidewater’s team of experienced professionals look forward to
providing the high quality, local and reliable water service
customers have depended upon under the leadership of the Wilkerson
family.” The transaction is expected to close within sixty
days.
About Tidewater Utilities, Inc.
Tidewater was established in 1964 and provides a wide range of
water and wastewater services including consulting, contract
operations and maintenance and bulk water supply. For more
information about Tidewater, visit www.tuiwater.com or call
302-734-7500.
About Middlesex Water Company
Organized in 1897, Middlesex Water provides regulated and
unregulated water and wastewater utility services in New Jersey,
Delaware and Pennsylvania through various subsidiary
companies. For additional information regarding Middlesex
Water Company, visit the Company’s web site at
www.middlesexwater.com or call (732) 634-1500.
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, among others, our long-term strategy and expectations,
the status of our acquisition program, the impact of our
acquisitions, the impact of current and projected rate requests and
the impact of our capital program on our environmental compliance.
There are important factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements including: general economic business
conditions, unfavorable weather conditions, the success of certain
cost containment initiatives, changes in regulations or regulatory
treatment, availability and the cost of capital, the success of
growth initiatives and other factors discussed in our filings with
the Securities and Exchange Commission.
Media Contact:Bernadette Sohler, Vice President – Corporate
AffairsMiddlesex Water Companybsohler@middlesexwater.com(732)
638-7549
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