Long Island Now

The latest community buzz and updates. | Sign up for community newsletters.

+-

Meeting to focus on Aqua NY takeover

The acquisition of Aqua New York Inc. by

The acquisition of Aqua New York Inc. by American Water Works Co. is now complete -- nearly doubling American Water's customer base in New York and making it the largest investor-owned water utility in the state. (Credit: Fotolia)

The Water Authority of Southeastern Nassau County continues to study a possible public takeover of the former Aqua New York Inc., which was purchased in May by the parent company of Long Island American Water.

The purchase occurred despite the Nassau water authority’s interest in taking over Aqua. Authority members have said they have the power to take over Aqua’s former service area on Long Island, which includes parts of Hempstead and Oyster Bay towns, even after American Water’s purchase.

The water authority will hold a public meeting about the issue at 7 p.m. Thursday at the Merrick Park Golf Course Clubhouse. Authority members will discuss progress on their feasibility study of the costs and benefits of taking over Aqua's service area. The board will consider two proposals received for professional services to conduct the study. The authority will use the $75,000 in funds committed by the towns of Hempstead and Oyster Bay in January to help pay for the study.

Supporters of a public takeover said it could mean long-term savings for Aqua customers. But authority members argued a takeover would result in the loss of property taxes paid by Aqua, which school districts would have to recoup through increased taxes.

 

advertisement | advertise on newsday

Your town

Get the latest news and information about your community, all in one place.

What's this? Send us your feedback

Sign up for community newsletters

Choose a community

advertisement | advertise on newsday