December 28, 2014 8:54 PM ET

Water Utilities

Company Overview of Tidewater Utilities, Inc.

Company Overview

Tidewater Utilities, Inc., a water utility company, provides drinking water and fire protection services in Delaware. The company operates water plants, wells, and wastewater treatment plants. It supplies water on a retail basis to residential communities. The company also offers water and wastewater services, including consulting, contract operations, and maintenance. In addition, it provides system purchases, system designing and building options, collection system diagnosis, distribution system leak detection, waste hauling, instrumentation specification and upgrades, conducting routine samples, well drilling, and storm water management services. The company was founded in 1964 and is hea...

1100 South Little Creek Road

Dover, DE 19901

United States

Founded in 1964

Phone:

800-523-7224

Fax:

302-734-9297

Key Executives for Tidewater Utilities, Inc.

President
Age: 62
Director of Communications
Age: 54
Compensation as of Fiscal Year 2014.

Tidewater Utilities, Inc. Key Developments

Tidewater Utilities, Inc. Assumes Ownership of Water System at Dover Air Force Base

Middlesex Water Co. announced that its Delaware subsidiary, Tidewater Utilities, Inc. begins full operation and ownership of the water production and distribution system of Dover Air Force Base (DAFB) in Dover, DE. Tidewater entered into an agreement with the U.S. Department of Defense for the privatization of the system in September 2013 following a U.S. Air Force water privatization study and an extensive competitive bid process. The DAFB water system was formally conveyed to Tidewater as the system owner recently following a joint inventory of assets. Tidewater will provide DAFB with potable water service under a 50-year agreement and will own and maintain all DAFB water utility assets and make all necessary capital improvements to provide continued reliable utility service to DAFB.

Tidewater Utilities, Inc. Begins Operation of DAFB Water System

Tidewater Utilities, Inc. Middlesex Water Company announced that its subsidiary, Tidewater Utilities, Inc., gegan full operation and ownership of the water production and distribution system of Dover Air Force Base (DAFB) in Dover, DE. The DAFB water system was formally conveyed to Tidewater as the system owner recently following a joint inventory of assets. Tidewater will provide DAFB with potable water service under a 50-year agreement and will own and maintain all DAFB water utility assets and make all necessary capital improvements to provide continued reliable utility service to DAFB.

Tidewater Utilities Inc. Wins Air Force Contract

Middlesex Water Company announced it has entered into an agreement through its subsidiary, Tidewater Utilities Inc., with the U.S. Department of Defense for the privatization of the water system of Dover Air Force Base in Dover, Delaware. Tidewater, also located in Dover, reportedly will provide the Dover base with potable water service under a 50-year agreement. The company intends to integrate the base's water system into its regulated utility operations, subject to Delaware Public Service Commission regulatory approval. Also, Tidewater will own and maintain all DAFB water utility assets and make all necessary capital improvements to provide continued reliable utility service to the base, according to Tidewater. Once implemented, the privatization is expected to be accretive to earnings immediately, according to the company.

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Recent Private Companies Transactions

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