Pennsylvania American Water evaluating Breakneck sewer authority, considering purchase
A confidentiality agreement indicates that Pennsylvania American Water Company has expressed interest in potentially purchasing the Breakneck Creek Regional Authority, which provides sewage treatment to customers in Adams Township, Cranberry Township, Seven Fields, Mars, Valencia, Middlesex Township and Forward Township in Butler County and to Pine Township and Richland Township in Allegheny County.
A confidentiality agreement about the evaluation of Breakneck Creek authority and possible sale, dating to April, has been agreed to by Adams supervisors and Mars Borough Council.
Breakneck Creek authority’s board of five directors was asked to sign the confidentiality agreement, but its members did not sign it.
The first paragraph of the confidentiality agreement confirms the company’s “interest in discussing the potential acquisition of the wastewater system assets of the Breakneck Creek Regional Authority by Pennsylvania American Water Company, using the Act 12 fair market value approach.”
A portion of this story is shared with you as a digital media exclusive. To read the full story and support our local, independent newsroom, please subscribe at butlereagle.com.
