Aqua America gets final approval for $4.5B gas acquisition, renames itself ‘Essential’

After gaining final approval of its $4.3 billion aquisition of Pittsburgh-area gas company Peoples on Thursday, water utility Aqua America said it isn’t just taking on a new market — it’s adopting a new name.

The Bryn Mawr-based company said it will become Essential Utilities Inc. on Feb.3 when the deal closes, with Peoples operating as its subsidiary. Aqua (NYSE: WTR) announced the deal to acquire Peoples, which is made up of Peoples Natural Gas Co. LLC, Peoples Gas Co. LLC and Delta Natural…

share:

more energy news

Send Us A Message