- Pennsylvania American Water secured over $9.5 million in PENNVEST funding for lead service line removal in New Castle.
- The project includes a $5.6 million grant and a $4 million low-interest loan to replace approximately 550 lead service lines.
- American Water (AWK, Financial), the largest regulated water utility in the U.S., continues to enhance water quality and safety.
Pennsylvania American Water has been awarded a combined grant and low-interest loan from the Pennsylvania Infrastructure Investment Authority (PENNVEST) totaling $9,527,990. This funding supports the company's project to replace lead service lines in the City of New Castle, Lawrence County.
The initiative is aimed at removing approximately 550 identified lead water service lines, significantly enhancing water quality for local customers. The grant portion amounts to $5,565,850, while the loan is valued at $3,962,140. The loan terms are favorable, with a 1% interest rate over a 20-year period.
American Water (AWK, Financial), the parent company of Pennsylvania American Water, is a leading provider of regulated water and wastewater services in the United States, serving over 14 million people. The company is committed to maintaining high environmental and service standards, and this PENNVEST funding is aligned with efforts to eliminate lead from public water supplies.
Robert Boos, Executive Director of PENNVEST, emphasized the success of the revolving State Revolving Fund, which has allocated more than $12.8 billion to clean water infrastructure projects. He noted the focus on supporting innovative projects that foster collaboration and deliver greater community benefits.
