Daily News | Aqua Pa. is fighting for a $276 million deal in Delco after Bucks deal went sideways
encouraging public water and wastewater utilities to consolidate. After the gigantic Bucks proposal unraveled, one investment analyst questioned whether the law was the great growth driver the water industry had touted, and lowered his expectation for Essential’s stock price.
But Franklin said that the Bucks and DELCORA systems are fundamentally different and were valued appropriately. Franklin argues that those capital costs, added to the $276.5 million it agreed to pay for DELCORA, meant that the price it will pay for DELCORA is about $1 billion.The County Council says that DELCORA will pay those $700 million in infrastructure costs whether it is privately or publicly owned. Under ownership of the nonprofit authority, they say, financing will cost less, DELCORA will not collect a profit and the public will retain control.
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