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Illinois American Water to acquire local water, wastewater systems for $43.3M

Illinois American Water Co. said Dec. 20 that it agreed to acquire the water and wastewater systems of the city of Jerseyville, Ill., for $43.3 million.

The systems serve 8,200 customers. The deal is expected to close in late 2020, pending approval from the Illinois Commerce Commission.

Illinois American Water is seeking approval for the deal through the Illinois Systems Viability Act that allows municipalities in the state to sell water and wastewater systems for a price based on fair market value.

Illinois American Water is a subsidiary of American Water Works Co. Inc.

In November, the water treatment services company completed the acquisition of the Village of Godfrey, Ill.'s wastewater system for $13.6 million.