Updated: September 8, 2022
The Bucks County Water and Sewer Authority Board Chair John Cordisco issued the following statement regarding the Direction Received from the Bucks County Commissioners:
“We appreciate the County Commissioners reviewing the proposed offer from Aqua Pennsylvania for our wastewater assets and for providing the BCWSA Board
with their direction. We understand the value of getting all the facts and understanding every detail on behalf of Bucks County’s residents, especially for an acquisition valued at more than $1.1 billion. We had a fiduciary responsibility to conduct our own examination and due diligence to determine what would be the best outcome for our customers, communities and employees. We conducted a comprehensive outreach and fact gathering process and said from the beginning that no decision would be made until we obtained all necessary feedback. I commend the BCWSA staff who worked tirelessly over the last several months to examine every possible inch of the proposal and to ensure we did everything we could to meet with residents, stakeholders and our 75,000 retail wastewater customers, addressing all their questions along the way.
“We respect Commissioners Harvie and Ellis-Marseglia’s opinions and have always believed their position on the proposed sale would be vitally important to any decision we make. We were never going to be in conflict with the commissioners’ position. As such, I have informed the BCWSA board members that I do not support moving forward with the proposed offer, and we will determine the next appropriate steps. Additionally, I agree with the commissioners that harsh realities do await in the form of significant system repairs, and we will continue to work with the county to find solutions to alleviate the impact on our customers and communities we serve.”