SOURCE: Middlesex Water Company

March 01, 2007 15:25 ET

Middlesex Water Signs Contract to Acquire Wastewater System in Sussex County, DE

ISELIN, NJ -- (MARKET WIRE) -- March 1, 2007 -- Middlesex Water Company (NASDAQ: MSEX), a provider of water and wastewater services in New Jersey and Delaware, today announced it has signed a contract to acquire the wastewater collection and treatment system of the Town of Milton, Delaware through its wholly owned, regulated Delaware subsidiary, Tidewater Utilities.

This collection system and treatment plant presently serves approximately 740 customers. Tidewater intends to construct a new state-of-the-art treatment plant to serve both the existing Town residents as well as several thousand new customers projected in areas surrounding the Town. The new plant is anticipated to be constructed as development occurs over the next several years after which, the existing plant will be decommissioned by Tidewater.

"We are very excited about being part of this solution that links the Town of Milton's commitment to meet the present and future needs of its residents with our company's objectives to develop regional water and wastewater solutions at affordable rates," said Dennis W. Doll, President and CEO of Middlesex Water Company. "This is exactly the kind of public/private partnership our company looks to establish where the foresight and determination of local officials to establish good public policy can be realized with the assistance of private enterprise. This approach is a win for all parties involved, especially for the current and future residents of Milton and the surrounding areas."

Middlesex Water, established in 1897, is a New Jersey provider of water, wastewater and related services. Tidewater and its affiliated Delaware companies provide service to about 30,000 retail water customers. For information about Middlesex Water, visit www.middlesexwater.com. Visit the Tidewater Utilities, Inc. website at www.tuiwater.com

Contact Information

  • Contact:
    Bernadette M. Sohler
    Director of Communications
    Middlesex Water Company
    (732) 634-1500