Middlesex Water Subsidiary Tidewater Utilities Completes The Acquisition Of Ocean View Water System
02 Aprile 2025 - 1:45PM
Middlesex Water Company (NASDAQ: MSEX) announced today that its
subsidiary, Tidewater Utilities, Inc. (TUI), completed its
acquisition of the water system assets of the Town of Ocean View
(TOV) in Sussex County, Delaware for $4.6 million.
“We are delighted to welcome Ocean View residents as our newest
Tidewater customers,” said Bruce E. Patrick, President of TUI.
“Maintaining the same water rates for all Ocean View residents
during this transition is of the utmost importance to our team. We
remain steadfast in our commitment of delivering clean, safe,
reliable water service to our customers and remaining good
community partners, just as we have for the past 17 years.”
The newly acquired TOV water system serves approximately 900
customers, who have been receiving water supply from TUI since the
system was constructed in 2008. TUI also has been providing water
distribution, meter reading, customer billing, and operational
services to TOV during this time through its subsidiary, White
Marsh Environmental Systems, Inc.
On February 19, 2025, the Delaware Public Service Commission
approved TUI’s application to purchase the water assets of TOV and
the right to provide water service to its existing customers.
“The sale of the Ocean View water distribution system to
Tidewater Utilities presents benefits to the Town in several ways,”
said Town Manager Carol Houck. “First and foremost, it ensures rate
equity to our former water customers as Tidewater is subject to the
regulations of the Delaware Public Service Commission. Likewise,
Tidewater, a trusted partner to the Town for many years, will
enhance customer service options to our former customers.”
Ocean View customers will receive additional information in the
mail from TUI. Information also is available on the Tidewater
website at www.TUIWater.com.
About Tidewater Utilities, Inc.
Tidewater Utilities, Inc. (“Tidewater”), a wholly
owned subsidiary of Middlesex Water Company, is celebrating
over 60-years of service to Delawareans. Tidewater is the largest
private water supplier south of the Chesapeake & Delaware Canal
in Delaware. The Company operates 172 active wells and 85 water
treatment plants to serve approximately 62,000 customers in 480
separate communities in New Castle, Kent and Sussex County,
Delaware.
About Middlesex Water Company
Middlesex Water Company (“Middlesex”) (NASDAQ: MSEX) is one
of the nation’s premier investor-owned water and wastewater
utilities. Established in 1897, Middlesex is a trusted provider of
life-sustaining services to more than half a million people
in New Jersey and Delaware. The company focuses on
employee engagement, operational excellence, superior customer
experience, investment in infrastructure, and selective and
sustainable growth to deliver value to our customers, investors,
and the communities we serve.
Media Contact:Brian Hague, Vice President of
Communications & Corporate
Affairsbhague@middlesexwater.com(732) 638-7549
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