Deal to buy Aqua Indiana moves forward

  • Comments
  • Print

The Fort Wayne City Council has approved the city’s purchase of Aqua Indiana Inc., a water and sewer utility owned by Pennsylvania-based Aqua America Inc.

Fort Wayne City Utilities has offered $16.9 million for the private utility, although the seller says the price is too low. The city says it is taking over the utility because Aqua owes the city $2.1 million and has not operated it efficiently.

The city plans to begin moving Aqua’s 9,000 water and 1,600 sewer customers to the city’s utility system. The deal is expected to be completed by the end of the year.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.