In the first nine months of 2012, the company invested $262.8 million in regulated infrastructure improvements as part of its capital investment program, compared to $222.4 million in the same period of 2011. “The company remains on track to invest more than $300 million in 2012. Our capital expenditures are focused on pipe replacement projects to improve our distribution network and plant upgrades to enhance water quality and service reliability for our customers,” said DeBenedictis.
Aqua Pennsylvania’s, Ingram’s Mill Water Treatment Plant was recently notified that it will soon receive the “Phase III Directors Award of Recognition” from the Partnership for Safe Water, a national volunteer initiative developed by the Environmental Protection Agency (EPA) and other water organizations representing water suppliers striving to provide their communities with drinking water quality that surpasses the required federal standards. Aqua’s Ingram’s Mill Plant is among 116 surface water treatment plants in Pennsylvania to be presented the award for successfully completing the Self-Assessment and Peer Review phase of the Partnership program, a phase which consists of identifying factors that limit treatment plant performance and taking corrective actions to address any needs to assure the highest quality of water.
Aqua’s efforts to reduce its carbon emissions have led to the construction of four solar farms in the past two years. These solar farms reduce the power needs of treatment facilities, therefore shrinking the company’s carbon footprint and reducing the need for the construction of new power generation facilities. Collectively, the solar farms are expected to reduce Aqua's grid-tied usage, resulting in a direct economic benefit to Aqua's ratepayers of approximately $500,000 in avoided energy costs in 2012.
The company’s conference call with financial analysts will take place on Friday, November 2, 2012 at 11 a.m. Eastern Daylight Time. The call will be webcast live so that interested parties may listen over the Internet by logging on to www.aquaamerica.com and following the link for Investor Relations. The conference call will be archived in the investor relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on November 2, 2012 for 10 business days following the call. To access the audio replay in the U.S., dial 888.203.1112 (pass code 7456917). International callers can dial 719.457.0820 (pass code 7456917).Aqua America is one of the largest U.S.-based, publicly-traded water utilities and serves almost 3 million residents in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana, Florida, Virginia, and Georgia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR.