GREENWOOD, Ind. — Indiana American Water has acquired the northern-Indiana-based Claypool water system.
Indiana American Water President Matt Prine announced the move Monday. The purchase of the system adds approximately 150 water customers to the company’s base, which represents a population of more than 400 residents, according to the company.
“The acquisition of this system will help hold future rates down for Claypool customers as needed investments are made and also provides access to operations and capital management water professionals and a number of customer service options and payment methods,” said Prine. “Indiana American Water already provides water service to several nearby communities, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana.”
The acquisition of the Claypool water system for $700,000 was approved by the Indiana Utility Regulatory Commission on February 22 and closed by Indiana American Water and the Town of Claypool on March 28.
