Here comes our December Water / Wastewater Market Monthly Roundup featuring top news, drivers and important upcoming meetings and conferences related to the water and wastewater industry. Enjoy the blog :)
Driver: Clean Water Final Rule: Definition of WOTUS and Recodification of Pre-Existing Rules (2019)
The Environmental Protection Agency (EPA) and the Department of the Army have formally repealed the 2015 Clean Water Rule, which amended portions of the Code of Federal Regulations (CFR) and restored the regulatory text defining "waters of the United States" (WOTUS) that existed before 2015. This rule is effective on December 23, 2019.
For additional information see: tinyurl.com/WOTUSrestored
Notable M&A Nov. 2019
As per FirmoGraphs’ records, the following M&A transactions in the Water & Wastewater Industry, stand out in the month of November:
- Nov. 14, Pennsylvania American Water, a subsidiary of American Water, signed an agreement to acquire the wastewater assets of the Borough of Kane Authority in McKean County. The deal value is approximately $17.5 million.
- Nov. 20, Bluegrass Water Utility Operating Company, a division of Central States Water Resources (CSWR), acquired the operating assets of several wastewater systems (Airview Utilities, Brooklyn Utilities, Fox Run Utilities, Kingswood Development Inc., Lake Columbia Utilities, LH Treatment Company, Marshall County Environmental Services, and Persimmon Ridge) across Kentucky after the Kentucky Public Service Commission approved and finalized the sale of the wastewater systems.
- Nov. 20, American Water Works Company, Inc. entered into an agreement to sell its regulated New York operations to Liberty Utilities, the regulated utility business of parent company Algonquin Power & Utilities Corp.
- Nov. 20, Flushing Meadows Utility Operating Company, a division of Central States Water Resources (CSWR), acquired the operating assets of Conway, Arkansas-based water system in a sale finalized and approved by the Arkansas Department of Environment Quality (ADEQ).
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Meetings in January & February, 2020
- American Water Works Association, Indiana Section, Jan. 27 to Jan. 30, 2020, Nashville, Tennessee, Indianapolis, Indiana.
- 7th Annual 2020 Pacific Water Conference, Feb. 4 to Feb. 6, 2020, Honolulu, Hawaii.
- WEF/AWWA the Utility Management Conference, Feb. 25 to Feb. 28, 2020, Orange County, Anaheim, California.
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