New Jersey American Water Acquires Hopewell Water System: What To Know

HOPEWELL, NJ — New Jersey American Water completed an
acquisition of Hopewell Borough's water system for $6.4 million.

This former municipally owned system serves 930 water customer connections and has been purchasing water from New Jersey American Water for a portion of the borough’s
water supply since 2005.

By integrating the new system, the company aims to enhance service reliability, advance infrastructure investments, and improve operational efficiency for Hopewell Borough’s customers.

“Following a thorough and thoughtful process with ample community input, we are confident this is the right path forward for Hopewell Borough,” Hopewell Borough
Mayor Ryan Kennedy said. “By partnering with New Jersey American Water, we are addressing long-term infrastructure needs today while securing dependable, high-quality
service and stable rates for our community.”

As part of the agreement, New Jersey American Water will invest $7 million in infrastructure improvements to the Hopewell Borough system within the first five years of
ownership while keeping rates affordable for the system’s customers.

Anticipated improvements to the system include identifying and replacing all lead and galvanized steel service lines as well as upgrading aging customer meters, fire hydrants, and water mains.

Residents will receive additional information in the mail from New Jersey American Water in the coming weeks, and the information is also available now on a new, dedicated webpage.