Company says it is committed to investing $27 million in first five years of ownership
Illinois American Water President Justin Ladner announced Friday that the company has acquired the Granite City Wastewater Collection System. The purchase adds approximately 12,150 customer connections to the company’s customer base in Southern Illinois.
Granite City leaders voted in favor of the sale in December 2019. The Illinois Commerce Commission recently approved the sale for $18 million. This is Illinois American Water’s sixth acquisition this year.
“Illinois American Water’s growth is a testament to the excellent service our employees deliver every day. Our water and wastewater experts are the best of the best; they are well-positioned to resolve issues facing communities like EPA consent decrees, water quality issues and aging infrastructure. I’m proud of our track record for safe, reliable service,” said Ladner (shown).
Granite City Mayor Ed Hagnauer agreed that the sale of the wastewater collection system to Illinois American Water would “support system improvement needs.” He added, “We have a strong relationship with Illinois American Water and know first-hand of their commitment to upgrading critical infrastructure. I am confident our wastewater collection system will be significantly improved over the coming years.”
Illinois American Water plans to invest $27 million in the first five years of ownership to upgrade Granite City’s wastewater collection system. Upgrades will include:
• GPS data collection
• System modelling to assist with facility planning and optimization
• Lift station improvements
• Sewer main and manhole replacements
In addition to system upgrades, Mayor Hagnauer explained sale proceeds will support the community’s financial stability.
Director of Operations Karen Cooper said, “We enjoy being part of the Granite City community and are excited to own and manage the wastewater collection system. We will continue our commitment to provide safe, reliable service to our valued customers.”