Artesian Resources enters settlement for Superfund site; to receive ~$10M in past cost reimbursement

ARTESIAN RESOURCES CORP

Consent Decree approved July 19, 2022; Trust to pay Artesian Water ~$10.0M for past capital and operating costs.
$2.5M due by August 18, 2022; remaining $7.5M payable in three equal annual installments from court approval.
Trust will also reimburse documented reasonable capital and operating costs incurred after July 1, 2021 for treating Site-related contaminants.
Settlement resolves Artesian Water's claims related to groundwater contamination from the Delaware Sand & Gravel Landfill Superfund Site.

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