U.S.
New Jersey American Water Signs Agreement to Purchase Hopewell Borough Water System
New Jersey American Water announced today it signed an agreement to acquire the water system in Hopewell Borough for $6.4 million. This announcement follows a referendum vote in November of 2025 in which 58% of Hopewell voters approved the sale of the system. The Hopewell water system serves over 880 customer connections.
About this update from American Water Works Company, Inc.
[{"type":"text","content":"New Jersey American Water to Invest $7 Million in Infrastructure in First Five Years","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"CAMDEN, N.J., Dec. 18, 2025 /PRNewswire/ -- New Jersey American Water announced today it signed an agreement to acquire the water system in Hopewell Borough for $6.4 million. This announcement follows a referendum vote in November of 2025 in which 58% of Hopewell voters approved the sale of the system. The Hopewell water system serves over 880 customer connections.","length":372,"tagName":"p"},{"type":"text","content":""We are honored to earn the trust of Hopewell Borough and its residents," said Mark McDonough, president of New Jersey American Water. "Because we have supplied a significant portion of Hopewell's water for many years through a bulk water agreement, this transition will be seamless for our future customers. We are committed to investing in the system to replace aging infrastructure, remove lead service lines, and enhance reliability, all while keeping rates affordable and delivering the high-quality service our customers expect and deserve."","length":571,"tagName":"p"},{"type":"text","content":"As part of the agreement, New Jersey American Water will invest $7 million in infrastructure improvements within the first five years of ownership. Anticipated improvements to the system include:","length":195,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Identifying and replacing all utility-owned and customer-owned lead and galvanized steel service lines by 2031","length":110,"tagName":"p"}]},{"val":[{"type":"text","content":"Replacing aging water mains","length":27,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":137,"olType":false},{"type":"text","content":"Additional improvements will be identified through a comprehensive analysis of the system which New Jersey American Water will conduct upon taking ownership.","length":157,"tagName":"p"},{"type":"text","content":""After over two years of analysis, planning, and community engagement by Borough Council and our town's dedicated professionals, I am excited for this transformative step forward that our voters chose this November," said Hopewell Mayor Ryan Kennedy. "Moving forward with this agreement with New Jersey Ameri...