GREENWOOD, Ind. – Indiana American Water President Matt Prine announced Tuesday the company’s acquisition of the Sunset Village water system in southeast Indiana.
The purchase of the system, serving a small community along the Ohio River known as Bushman’s Lake, adds approximately 100 water customers to the company’s customer base, representing about 270 residents.
“The acquisition of this system will help hold future rates down for Sunset Village customers as needed investments are made. It also provides access to operations and capital management water professionals and several customer service options and payment methods,” said Prine. “Indiana American Water already provides service to several nearby communities, so this is a good fit for us as we expand our presence across Indiana.”
The acquisition of the Sunset Village water system for $150,000 was approved by the Indiana Utility Regulatory Commission on August 2 and closed on October 31.
Indiana American Water in Greenwood, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing water and wastewater services to 1.4 million people.
