Bucks County is moving forward with a plan to sell its public sewer system to Aqua Pennsylvania for $1.1 billion. The Bucks County Water and Sewer Authority (BCWSA) recently voted 3-1 to give Aqua the exclusive right to negotiate a sale for a year. If BCWSA accepts Aqua’s formal offer, it would be the largest privatization ever of a U.S. public wastewater system. The county would receive close to $1 billion in proceeds after the authority’s wastewater system debt is paid off. That amounts to nearly five times Bucks County’s annual tax revenue. BCWSA officials plan a series of meetings to hear what the public thinks about the sale. BCWSA launched a website on July 13 called Bucks Commitment to Communities. Read more here.
Source: Philadelphia Inquirer: 7/13/2022