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Essential Utilities’ Aqua New Jersey Subsidiary Finalizes $113K Purchase Of Water System Assets Of Lake Tamarack Water Corporation In Sussex County

Benzinga·10/14/2026 11:10:13
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Acquisition reflects company’s commitment to providing highest quality drinking water service

Essential Utilities, Inc. (NYSE:WTRG) announced today its Aqua New Jersey subsidiary has finalized its $113,000 purchase of the water system assets of the Lake Tamarack Water Corporation in Sussex County. The system serves approximately 255 customers in the Lake Tamarack portion of Hardyston Township. The New Jersey Board of Public Utilities (NJ BPU) approved the acquisition on September 9, 2026.

Aqua New Jersey has identified the need to invest approximately $1.4 million in the system over the next several years. Necessary upgrades will be made to strengthen water infrastructure. Aqua will also invest in improving system operations and meeting regulatory, environmental, and cybersecurity demands. Customers will also benefit from improved customer service and access to Aqua’s ePortal and mobile app to pay bills, track usage and more.

As part of the transition, residents can expect to receive communication from Aqua New Jersey outlining service schedules and procedures.