Bucks County officials are evaluating an offer of about $600 million from Aqua Pennsylvania to buy the county’s sprawling water and wastewater utility. It would fill the county’s treasury, but impact water and sewer rates across the region.
that could fill the county’s treasury, but impact water and sewer rates for customers far beyond Bucks County.
That law has triggered a virtual land rush by private investors for public systems that has raised fears among consumer advocates who say that ratepayers bear the costs of the pricey sales with higher rates.Members of the authority’s two unions confronted the BCWSA Wednesday at a hastily scheduled board meeting where they feared the utility would be sold. The labor leaders said they had been frustrated for months getting straight answers about a potential sale.
Cordisco said there was “not even a remote possibility” the board would sell the system if the pensions of BCWSA’s 114 employees were impacted. “We cherish the people that have been working here,” said the Newtown lawyer, who is chairman of the Bucks County Democratic Party and also a member of SEPTA’s board.
Founded in 1962, BCWSA is in some ways a rival to the large private water providers. It has aggressively moved beyond the borders of Bucks County, acquiring systems in West Vincent and Buckingham Townships in Chester County.
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