FOR IMMEDIATE RELEASE -- June 10, 2022
Contact: Kevin Kelly (573) 751-9300
PSC Approves Missouri American Water Company Request
to Purchase City of Eureka Water and Sewer Systems
JEFFERSON CITY---The Missouri Public Service Commission has approved an application filed by the Missouri-American Water Company (MAWC) which sought authorization to acquire the City of Eureka water and sewer systems as well as a certificate of convenience and necessity to install, own, operate and maintain a water and sewer system in and around the City of Eureka (Eureka), in St. Louis County.
The Commission approved the application determining: 1) There is a need for the service; 2) MAWC is qualified to provide the proposed service; 3) MAWC has the financial ability to provide the service; 4) MAWC’s proposal is economically feasible; and 5) The service promotes the public interest.
The Commission noted that the City of Eureka placed on the August 4, 2020, ballot the question of whether to grant the city authority to sell its water and sewer utilities to MAWC for a total of $28 million. The proposition passed with 67% overall approval.
“By virtue of 67% support for the ballot proposal asking whether to grant the city authority to sell its water and sewer utilities to MAWC for a total of $28 million-both in the city as a whole and in the precinct that includes the Arbors subdivision-the citizens of Eureka expressed their preference that Eureka sell the utilities to MAWC,” said the Commission. “The public interest is also promoted by MAWC- a company with the financial ability and expertise to operate, maintain, and make needed repairs and improvements to Eureka’s water and sewer systems- taking over those systems.”
MAWC provides water service to approximately 470,000 customers in Missouri. It also provides sewer service to approximately 15,000 customers in the state. The City of Eureka currently serves approximately 4,100 water and sewer customers.