Illinois American Water acquires water system in Village of Leonore
Date: 2020-04-18   Author: Saipriya Iyer  Category: #news

Illinois American Water acquires water system in Village of Leonore

Illinois American Water, the largest investor-owned water and wastewater services company, has reportedly announced the acquisition of the water system in the Village of Leonore. The acquisition will increase the number of customers by approximately 68 to the service area of Streator District.

Through the acquisition, the company is committed to upgrading the water system at Leonore, including the replacement of the water meters, which is expected to commence in May.

The recently completed purchase deal of the water system was initially voted for sale by the Village of Leonore in November 2018. Later, it got approval from the ICC (Illinois Commerce Commission) for sale at a sum of $100,000. The appraisal process was established as a part of the Viability Act of Illinois Water Systems.

According to Justin Ladner, President of Illinois American Water, the company has been sustaining for over 145 years by offering high-quality water service to the people in Illinois. It also has maintained a comprehensive track record and is looking forward to serving new customers through the recent deal.

Mike Zimmerman, Village President of Leonore, has stated that the acquisition of a water system by the largest water service company will help the village cater to the needs of the community with a quality water service. It will also enable the village to focus on other priorities as Illinois American Water will continue to serve the region with its services.

Jon Mase, Streator District of Illinois American Water’s operations superintendent, has stated that the acquisition has given opportunity to the company to further partner with the local department of fire.

Leonore customers will receive a welcome packet from Illinois American Water in the mail, which includes information about billing, online account management, and others. Its Streator District that serves Ransom, Reading, Ancona, Longpoint, Dana, and Streator will incorporate the Village of Leonore.

Source credit:

https://finance.yahoo.com/news/illinois-american-water-acquires-village-222100132.html



About Author


Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya


Post Recommendents

Global Programmable Logic Controller (PLC) Market – Porter’s Five Forces Strategy Analysis and Forecast 2026
Author: Ashwin Naphade

The ' Programmable Logic Controller (PLC) market' study now available with Market Study Report, LLC, delivers a concise outlook of the powerful trends driving market growth. This report also includes valuable information pertaining to mark...


Motor Spindles Market Projection By Key Players, Status, Growth, Revenue, SWOT Analysis Forecast 2026
Author: Ashwin Naphade

Market Study Report, LLC, has added a research study on ' Motor Spindles market' which extends an in-depth analysis of the potential factors fueling the revenue landscape of this industry. The study also comprises valuable insights about m...


Industrial Gas Regulator Market 2020 | Analysis by Industry Trends, Size, Share, Company Overview, Growth, Development and Forecast by 2026
Author: Ashwin Naphade

A report on ' Industrial Gas Regulator Market' Added by Market Study Report, LLC, features the recent and upcoming growth trends of this business in addition to accurate details related to the myriad geographies that comprise the regional ...