Market Overview

Aqua America Plans Over $555 Million in Capital Investment in 2019


In conjunction with Infrastructure Week, Aqua highlights
life-improving projects taking place in the communities it serves

Aqua America Inc. (NYSE:WTR) is recognizing the seventh annual Infrastructure
, May 13-20, 2019, helping raise awareness of the critical state
of infrastructure across the United States. A leading contributor to
water and wastewater infrastructure repair and replacement, Aqua plans
to invest more than $555 million this year across the eight states where
the company operates to improve systems.

This press release features multimedia. View the full release here:

Aqua plans to invest more than $555 million in 2019 to improve its water and wastewater systems. (Ph ...

Aqua plans to invest more than $555 million in 2019 to improve its water and wastewater systems. (Photo: Business Wire)

"As one of the largest water and wastewater utilities in the country,
Aqua is committed to thoughtful and continuous investment in the
infrastructure that delivers water and wastewater service to our
customers safely and reliably," said Aqua Chairman and CEO Christopher
Franklin. "We strongly believe capital investments from private utility
companies can be a large part of the solution to the country's
infrastructure problems. Infrastructure Week is an excellent opportunity
to showcase how our team's work to replace aging infrastructure improves
the lives of our customers."

The dire state of water infrastructure in the U.S. has been well
documented. In a recent study published by Utah State University,
researchers found water main break rates have increased 27% in the past
six years alone. The EPA also reports that there are approximately
240,000 water main breaks per year in the U.S., with approximately $2.6
billion lost as water mains leak trillions of gallons of treated
drinking water. These statistics quantify the need for increased
investment in the nation's water infrastructure and underscore why Aqua
is so committed to this cause.

Making these improvements translates to meaningful system impacts.
Through Aqua's $1 billion investment in infrastructure in southeast
Pennsylvania between 2000 and 2015, customers have seen a reduction from
nearly 25 main breaks per 100 miles of pipe, to fewer than 10 main
breaks per 100 miles of pipe. This reduced water loss and the volume and
cost of emergency repairs, reduced service interruptions, and improved
water service for customers.

Over the past five years across the company, Aqua has invested $1.5
billion in infrastructure improvements, including hundreds of miles of
pipe replacement and plant upgrades. This year, infrastructure projects
are planned across all eight of Aqua's states to ensure safe and
reliable water reaches each customer. Some of the largest projects
taking place are highlighted below.

  • Aqua Indiana – A $3.2 million rehabilitation project at Aqua
    Indiana's 2-million-gallon capacity South Haven wastewater treatment
    plant was completed in 2018. The project includes a transition from
    the use of chlorine gas to ultraviolet light for disinfection, an
    improved screening system to better manage storm water inflow, as well
    as updated energy-efficient blowers, expected to reduce electricity
    costs by up to 20 percent.
  • Aqua Illinois – Throughout 2019, Aqua Illinois will carry out a
    major capital improvement at the Lake Vermilion dam, originally
    constructed in 1925. Aqua will replace 11 floodgates and carry out
    embankment and dam spillway modifications as part of its ongoing
    efforts to protect this vital water source. Construction is expected
    to be completed in 2020, with efforts to minimize any lake disruption.
  • Aqua New Jersey – For Aqua New Jersey, construction is underway
    on a $12 million project to build three new iron removal treatment
    facilities in Bayville, Berkley Township, in Ocean County. The new
    facilities will treat 1.4 million gallons of water per day from a new
    groundwater supply well, plus three existing groundwater supply wells.
    This project, scheduled to be completed by the end of August
    2019, will help provide safe and reliable water for customers by
    removing naturally occurring iron from groundwater supply wells, while
    also supporting the growing community in Berkley Township.
  • Aqua North Carolina – Aqua North Carolina is completing
    installation of six new filter systems to address discolored water in
    Wake County. Since August 2018, crews have been working on installing
    new iron and manganese filters that will remove naturally occurring
    minerals from the water before it enters the community's distribution
    pipes. The total cost of all six filter installations is estimated at
    nearly $2.1 million and all projects are expected to be completed by
    mid-2019. Aqua currently has an additional eight filter projects set
    to begin throughout North Carolina and another 12 currently under
    review with the North Carolina Public Staff – the independent agency
    that reviews, investigates and makes appropriate recommendations to
    the North Carolina Utilities Commission with respect to the
    reasonableness of rates charged and the adequacy of service provided
    by any public utility.
  • Aqua Ohio – Aqua Ohio's Struthers water treatment plant, in
    service since 1916, is undergoing a $12 million renovation to the
    include new chemical storage and injection buildings and chemical feed
    systems, three new 146,000-gallon contact clarifier tanks and new
    electrical building and equipment. The main purpose of the plant
    renovation is to replace equipment that has reached the end of its
    expected useful life, modernize treatment techniques for operational
    efficiency and to meet future supply and regulatory demands.
  • Aqua Pennsylvania – This year, a large part of Aqua
    Pennsylvania's $323 million capital infrastructure program will be
    spent replacing aging water mains. Aqua credits its main replacement
    program with a dramatic reduction in service interruptions caused by
    main breaks in southeastern Pennsylvania. In 2000, the number of main
    breaks per 100 miles of pipe was 25. By the end of 2018, following an
    investment of $1.2 billion, the number of breaks per 100 miles of main
    has been reduced by more than 60% to fewer than 10. Aqua plans to
    replace an additional 600 miles of water main between 2019 and 2023.
  • Aqua Texas – Aqua Texas is building its first-ever surface
    water treatment plant to serve Barton Creek Lakeside, a community on
    Lake Travis about 30 miles northwest of Austin. Aqua currently serves
    customers in this area from groundwater wells, but supply has
    decreased as drought conditions have caused groundwater levels to
    decline. Aqua designed its surface water treatment plant to meet the
    challenges of Texas weather, like hurricanes and heavy rain, that can
    increase the cloudiness of water and make it more difficult to treat.
    The estimated cost for the project is $6.1 million, and it should be
    completed by the end of 2019.
  • Aqua Virginia – Last year, Aqua Virginia completed the
    installation of new, larger filter systems to replace old filters at
    three water treatment stations in the Lake Land'Or subdivision in
    Caroline County. Aqua expects the new filter systems to remove
    naturally occurring minerals from the groundwater more effectively,
    make plant operations more efficient and improve the look and taste of
    the water for customers. This year, Aqua is installing a third pump
    for Fluvanna County's Lake Monticello water treatment plant, which
    draws water from the Rivanna River. The new pump will help ensure
    sufficient water supply for the community in case of an emergency.

Aqua America is the second-largest publicly traded water utility based
in the U.S., and serves more than 3 million people
in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New
Jersey, Indiana and Virginia. Visit for
more information or follow Aqua on Facebook at
and on Twitter at @MyAquaAmerica.


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