Essential Utilities "agreed to sell its West Virginia natural gas utility assets to Hope Gas, headquartered in Morgantown, WV. This move will allow the company to focus on – and prioritize – the growth of its utilities in states where it has scale, following its long-term strategy of infrastructure investment and growth by acquisition of water and wastewater systems. The remaining gas operations will continue to focus on capital improvements, operating excellence, and safety. The Peoples operation in Western Pennsylvania also will continue to play an important role in Essential’s acquisition strategy as Aqua expands its footprint into the region, leveraging Peoples’ valued brand and community relationships. Totaling approximately 13,000, the customer base of Peoples West Virginia is the smallest among all of the states where Essential operates. However, over the past two-and-a-half years, under the management of Essential and the dedicated WV employees, the company continued to make investments and operational improvements."
Published first on TheFly
