Essential utilities' aqua texas subsidiary signs agreement of sale to acquire southern oaks

Bryn mawr, pa.--(business wire)--essential utilities inc. (nyse: wtrg) today announced that its regulated water subsidiary, aqua texas, has signed an asset purchase agreement to acquire the water treatment and distribution system of the southern oaks water system in freestone county, texas which serves approximately 740 homes. southern oaks will be essential's second acquisition in texas using the state's fair market legislation. the fmv legislation, enacted in 2019, allows regulated water comp
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