Public Service Commission approves sale and transfer of water assetsTidewater Environmental to serve Plantations and Plantations East
Middlesex Water Company, a provider of water, wastewater and related services, recently announced that the Delaware Public Service Commission has approved the sale and transfer of assets and the transfer of a Certificate of Public Convenience and Necessity from YMG Corporation to Tidewater Environmental Services Inc., a Middlesex Water subsidiary, to serve The Plantations and Plantations East communities near Lewes.
The wastewater assets at The Plantations communities, which serve 612 wastewater service connections in Sussex County, are being acquired in an approximately $400,000 cash transaction. TESI currently serves customers in areas near The Plantations franchise area and presently provides domestic water utility service to The Plantations communities. As a result of the DEPSC approval, TESI will make agreed-upon capital investments and operational improvements to the systems.
“We appreciate the support of the Delaware Department of Natural Resources and Environmental Control, as well as the DEPSC staff and Commission, and the Delaware Public Advocate, in supporting this transaction. Our company’s view is that this transaction is a shining example of what can be accomplished as a result of strong collaboration among various state agencies and the private sector, where the outcome achieves a fair and reasonable balance with respect to the impact on the environment, the rates our new customers will pay in support of the needed investments and our company’s ability to maintain safe and reliable service,” said Dennis Doll, president of Middlesex Water Company and chairman of Tidewater Environmental Services Inc.
“Today’s decision is a win-win. It will provide a cost-effective solution for residents of The Plantations and will assure the community’s wastewater system meets our rigorous standards for protecting Delaware’s water resources,” said DNREC Secretary Collin P. O’Mara. “We appreciate Tidewater’s commitment to pursuing this innovative approach and the support of the community and the PSC.”