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.
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