American Water Receives Approval for Acquisition

American Water today announced the acquisition of S.J. Services, Inc. by its subsidiary, New Jersey American Water. Located in Gloucester County, S.J. Services, Inc. has two regulated utility subsidiaries, the Pennsgrove Water Supply Company and the South Jersey Water Supply Company. The acquisition will add more than 7,200 customers in Oldmans, Carneys Point, Harrison and Logan Townships and Penns Grove Borough to the company's customer base. The acquisition was approved by the New Jersey Board of Public Utilities (NJBPU) on September 19, 2007.

New Jersey American Water President John Bigelow praised the acquisition. "Customers will benefit not only from New Jersey American Water's industry expertise, but also from its commitment to providing a great customer experience," he said. "Oldmans, Carneys Point, Harrison and Logan Township and Penns Grove Borough residents who meet the program criteria will now be eligible to participate in New Jersey American Water's customer assistance programs, H2O Help to Others and the Low Income Payment Plan. Customers will soon receive welcome packages explaining New Jersey American Water's customer service and support options."

New Jersey American Water is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to more than 2.6 million people. In addition to its regulated operations, American Water provides operation and maintenance contract services to municipalities including North Brunswick, Edison, Elizabeth and Avalon, serving an additional 207,000 people.

New Jersey American Water is a wholly-owned subsidiary of American Water. Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs nearly 6,900 dedicated professionals who provide drinking water, wastewater and other related services to approximately 16.2 million people in 32 states and Ontario, Canada.

Source: American Water