American Water and Aqua America Swap Water Operations

American Water Works and Aqua America have agreed transactions to swap operations in two US states.

American Water will acquire seven regulated water systems in New York from Aqua America, which serves about 152,000 people in four counties, for $71m.

American Water will also sell its eight regulated water systems and one wastewater system in Ohio, which serves 200,000 people, to Aqua America for $120m.

Both transactions are expected to be completed during the first quarter of 2012, and are subject to customary closing conditions, including regulatory approval by public utility commissions in New York and Ohio.