Benefits to the Seller
Address Municipal Financial Challenges
Proceeds from the sale are first utilized to reduce or pay off outstanding municipal debt, freeing up needed funds in the municipal budget. Excess proceeds can be utilized for things such as:
- Infrastructure or other capital improvements
- Economic development
- Recreation/parks
Plus, a sale puts previously untaxed property back on tax roles.
Elimination of Risk
The requirement to meet increasingly stringent water quality regulations and consistent investment into aging, mostly underground infrastructure is shifted to an experienced utility service provider in New Jersey American Water.
Benefits to Employees
- Opportunities for existing employees to grow their careers via local, regional, and national development opportunities
- Competitive pay and benefits package
Benefits to Residents
Long-term rate stabilization. We have single-tariff pricing for water service. This prevents one community and its customers from having to bear the full financial burden for a major capital project by spreading the costs over the utility company’s entire customer base throughout the state.
In addition, we’re regulated by the New Jersey Board of Public Utilities. As such, we must obtain approval for any rate changes and customers have input into the process through public hearings.
Invested in our facilities. Our team of experts regularly monitor, maintain and upgrade our facilities to continue to operate efficiently and meet regulatory standards. Statewide, we invested more than $464 million in 2020 to improve the water and wastewater treatment and pipeline systems.
High-quality water service. We have an exceptional track record when it comes to water quality and drinking water regulatory compliance. Our water quality and treatment plant operators perform thousands of tests every day for about 100 regulated contaminants. We deploy thousands of online monitors that