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Indiana American Water acquires Claypool water system

Mar. 29, 2023 2:19 AM ETAmerican Water Works Company, Inc. (AWK)By: Meghavi Singh, SA News Editor1 Comment

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  • Indiana American Water, a subsidiary of American Water (NYSE:AWK) on Tuesday acquired Claypool water system in northern Indiana.
  • The purchase of the system adds ~150 water customers to the company’s customer base, which represents a population of more than 400 residents.
  • The move will help hold future water rates down for Claypool customers, which will benefit the company’s large customer base across the state.
  • The addition of the Claypool water system for $700K was approved by the Indiana Utility Regulatory Commission on February 22, 2023 and closed by Indiana American Water and the Town of Claypool on March 28, 2023.

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400 residents? Big whoop.

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