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Share Name | Share Symbol | Market | Type |
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Middlesex Water Company | NASDAQ:MSEX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.71 | 1.35% | 53.13 | 51.63 | 54.95 | 53.15 | 52.12 | 52.78 | 89,961 | 01:00:00 |
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4761d1eb-a796-44f8-bc71-b47b18f1bd41
Under the leadership of the Delaware Office of the USDA, a Task Force spent two years developing an approach aimed at dealing with the complex issue of maintaining older rural community wastewater systems. The solutions require the proper mix of technical, environmental, social, management and financial elements to allow it to work in these small, remote settings. Tidewater offered its technical leadership in the water and wastewater field to help develop this innovative non-profit utility concept that will initially be piloted at Country Glen II. In addition, Tidewater will lend continued expertise as an in-kind contribution to carry out these efforts once the non-profit is in full operation.
"I’m proud that Delaware is leading the way with this innovative solution that I think could serve as a model to solve similar problems in small, rural communities across the country," said Senator Carper.
“Small community wastewater systems face unique challenges in regards to sustainability and maintaining compliance,” said Gerard Esposito, President of Tidewater Utilities. “We are glad that this issue has captured public attention and that we are able to be part of a solution that helps to lift the burden on residents served by these systems,” added Esposito.
Tidewater will manage the operations of the system and billing of the new sewer customers because several of the communities identified for funding reside in Tidewater’s water service area. If this approach is approved by the Delaware Public Service Commission, and becomes successful at Country Glen II, other communities are expected to be considered under the same model.
Tidewater, a subsidiary of Middlesex Water Company (NASDAQ:MSEX), was established in 1964 and provides a wide range of water and wastewater services including consulting, contract operations and maintenance, and bulk water supply. For more information about Tidewater, visit www.tuiwater.com or call 302-734-7500.
Contact: Carol Murphy, Tidewater Utilities, Inc. cmurphy@tuiwater.com (302) 734-7500 or Bernadette M. Sohler, Middlesex Water Company bsohler@middlesexwater.com (732) 638-7549
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