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!
Post a commentCommenting is not available in this channel entry.
Comments express only the views of the author and do not necessarily reflect the views of this website or any associated person or entity. Any user who believes a message is objectionable can contact us at [email protected].