BEL AIR, Md.--(BUSINESS WIRE)--Maryland American Water announced today it has received approval from the Maryland Public Service Commission (PSC) to acquire the drinking water assets of the Severn Water Company for approximately $1.6 million. This acquisition is the first to be completed by Maryland American Water under the fair market value legislation enacted by the Maryland General Assembly in 2018. “We are pleased with the PSC’s order and look forward to welcoming the 1,685 customers previo...
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