American Water to acquire water system in Hopewell Borough for $6.4M

New Jersey American Water (AWK), a subsidiary of American Water, announced it signed an agreement to acquire the water system in Hopewell Borough for $6.4M. This announcement follows a referendum vote in November of 2025 in which 58% of Hopewell voters approved the sale of the system. The Hopewell water system serves over 880 customer connections. “We are honored to earn the trust of Hopewell Borough and its residents. Because we have supplied a significant portion of Hopewell’s water for many years through a bulk water agreement, this transition will be seamless for our future customers. We are committed to investing in the system to replace aging infrastructure, remove lead service lines, and enhance reliability, all while keeping rates affordable and delivering the high-quality service our customers expect and deserve,” said Mark McDonough, president of New Jersey American Water.