Pennsylvania American Water Secures $25.9M for Dam Upgrade and 603 Lead Line Replacements
Pennsylvania American Water secured $25.872 million from PENNVEST, including a $16.922 million loan (1% for five years, 1.743% thereafter) to upgrade Griffin Dam and a $3.769 million grant plus $5.181 million loan (1% for 29 years) to replace 603 lead pipes in Lawrence County. Low-interest terms limit customer costs.
1. PENNVEST Funding Approved
Pennsylvania American Water secured $25.872 million from PENNVEST, including a $16.922 million loan (1% for five years, 1.743% thereafter) and a $3.769 million grant plus $5.181 million loan (1% for 29 years) to finance infrastructure upgrades.
2. Griffin Dam Rehabilitation Project
The $16.922 million low-interest loan will fund upgrades to Griffin Dam in Lackawanna County, enhancing spillway exit channels, outlet works and seepage collection systems to meet probable maximum flood safety standards.
3. Lead Line Replacement in Lawrence County
The company will replace 603 lead or galvanized lead-impacted water service lines in New Castle, Lawrence County using a $3.769 million grant and $5.181 million loan, eliminating health risks and improving water quality under a 29-year, 1% interest loan.