Loudoun Water acquires assets from City of Fairfax for $30 million
After this purchase, the full 11 million gallons per day produced by Goose Creek Treatment plant will go to Loudoun customers instead of to Fairfax residents.
A growth in the Louodun County population means a growth in demand for clean drinking water.
A board of directors decision to establish new rates in 2012 was in an attempt to raise capital for investments such as this one, according to a prepared statement.
“By purchasing these assets, we seized a strategic opportunity to own our future and have better control over significant operations impacting our customers," said General Manager Fred Jennings in a prepared statement.
Be the first to post a comment!
- MORE: Footage shows 263 missing Loudoun SAT tests left building in UPS possession
- Farm-to-Fork brings together Loudoun—both east and west
- Reston man sentenced to 29 years for rape of child
- Hillsboro man drives truck off Leesburg Parking Garage
- Farm brewery still a go in Lucketts—but without Flying Dog