New Jersey American Water to purchase Salem City water and sewer system for $18M

New Jersey American Water announced that it it has signed an agreement to acquire the water and sewer system of the City of Salem, N.J. for $18M. This municipally owned system serves more than 2,300 customers. The agreement follows a voter referendum that took place on November 7, 2023, which passed with over 60% of the voters approving the sale of the system to New Jersey American Water. As part of the acquisition agreement, and subject to approval from the New Jersey Board of Public Utilities, New Jersey American Water will invest over $50M in infrastructure improvements in the first 10 years following completion of the acquisition.