PA American Water and Towamencin Township to terminate wastewater system sale

American Water Works Company, Inc.

Process to terminate Asset Purchase Agreement for Towamencin wastewater system; no penalty expected.
Termination due to new PUC criteria (July 2, 2024) making original deal structure unlikely to meet approval.
Formal approval expected at Towamencin Board meeting Sept 11, 2024; PUC approval ~30 days after filing.
PAW will still seek PUC approval for acquisition of Elizabeth Borough Municipal Authority next month.

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