Artesian Water Maryland, a subsidiary of Artesian Resources Corporation, announced Wednesday it has completed the purchase of several Cecil County local water systems, including the water system of the Town of Port Deposit.
Artesian purchased the water system and assets of the Town of Port Deposit, including access to the Susquehanna River as a water supply, the company said in a news release.
On the eastern end of the county, Artesian built an interconnection between its Delaware water utility subsidiary and the Town of Elkton and invested in system upgrades to ensure up to 1.5 million gallons of water a day to Elkton and sufficient additional capacity to serve Cecil County's growth corridor as it develops, the company said.
Through the agreement, which was originally negotiated in 2008, Artesian Water Maryland also acquired the water systems in Meadowview, Harbour View, Pine Hills and Route 7, including water facilities and distribution and transmission systems.
The agreement was approved earlier this year by the Maryland Public Service Commission. Artesian paid Cecil County government $2.176 million for the water systems.
The systems in the eastern portion of the county serve approximately 1,500 customers, the company said in a news release.
Since 2007, Artesian also has purchased the Carpenter Point and Mountain Hill water systems and extended water service to Whitaker Woods residents whose private wells went dry. The Mountain Hill water system also is providing water to new residents of Charlestown Crossing and will soon be supplying the water needed by Restoration Hardware, which is locating 150 jobs in Cecil County.
Artesian Resources Corporation operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater and engineering services on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest investor-owned public water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian Water distributes and sells water to residential, commercial, industrial, governmental, municipal and utility customers. Other subsidiaries include Artesian Water Maryland Inc.; Artesian Water Pennsylvania Inc.; Artesian Wastewater Management Inc.; Artesian Wastewater Maryland Inc.; Artesian Utility Development Inc.; Artesian Consulting Engineers Inc.; and Artesian Development Company.Copyright © 2014, Los Angeles Times