Virginia American Water Finalizes Acquisition of Town of Cape Charles Water and Wastewater Systems

ALEXANDRIA, Va.--(BUSINESS WIRE)--Virginia American Water announced today it has closed the acquisition of the drinking water and wastewater system assets of the Town of Cape Charles, Virginia for $15 million. This acquisition brings approximately 1,400 water and wastewater customers to Virginia American Water and is the second to be completed by the company under the Fair Market Value Legislation enacted by the Virginia General Assembly in 2020. As part of the acquisition, Virginia American Wa