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Pennsylvania American Water Completes Acquisition of East Dunkard Water Authority Water System

1. AWK acquired East Dunkard Water Authority, serving 1,600 connections. 2. The acquisition reflects strategic expansion in Pennsylvania's water market.

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FAQ

Why Bullish?

Acquisitions typically bolster revenues and customer base, enhancing long-term growth potential. Similar past acquisitions led to improved financial performance for AWK.

How important is it?

The acquisition is substantial as it enhances AWK's operational capacity and market presence in a growing region. The establishment of a stronger foothold could lead to improved investor confidence.

Why Long Term?

The acquisition increases AWK's stake in Pennsylvania, which may drive consistent revenue streams. Historical patterns show that expansion provides sustainable growth over time.

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MECHANICSBURG, Pa.--(BUSINESS WIRE)---- $AWK #WeKeepLifeFlowing--Pennsylvania American Water announced today it has completed its acquisition of the water system assets of East Dunkard Water Authority (EDWA). The newly acquired water system serves approximately 1,600 customer connections in Greene County. Prior to the acquisition, Pennsylvania American Water managed and operated the EDWA system as its receiver following a November 2023 Pennsylvania Public Utility Commission (PUC) emergency order and February 2024 Pennsylv.

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