Businessweek

Artesian Resources Corporation, through its subsidiaries, offers water, wastewater, and other services on the Delmarva Peninsula. The company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers throughout the states of Delaware, Maryland and Pennsylvania. It provides wastewater services to customers in Delaware. In addition, the company provides contract water and wastewater operations, water and sewer Service Line Protection Plans, wastewater management services, and design, construction and engineering services. Subsidiaries The company’s subsidiaries include Artesian Water Company, Inc. (Artesian Water), Artesian Water Pennsylvania, Inc. (Artesian Water Pennsylvania), Artesian Water Maryland, Inc. (Artesian Water Maryland), Artesian Wastewater Management, Inc. (Artesian Wastewater), Artesian Wastewater Maryland, Inc. (Artesian Wastewater Maryland), each a regulated public utility, and three non-regulated subsidiaries; Artesian Utility Development, Inc. (Artesian Utility), Artesian Development Corporation (Artesian Development), and Artesian Consulting Engineers, Inc. (Artesian Consulting Engineers). Artesian Water Artesian Water operates as a public water utility in the state of Delaware. It distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers throughout the state of Delaware. In addition, Artesian Water provides services to other water utilities, including operations and billing functions, and has contract operation agreements with private and municipal water providers. It also provides water for public and private fire protection to customers in its service territories. Artesian Water Maryland Artesian Water Maryland, through the acquisition of the Carpenters Point Water Company, includes a 141 home community in Cecil County near the Interstate 95 growth corridor between Philadelphia and Baltimore. The Mountain Hill Water Company includes service rights to 8,000 acres of undeveloped land in Cecil County’s growth area. Included in this Mountain Hill Service Area is the Principio Business Park. The company serves four commercial accounts in the Principio Business Park. As of December 21, 2011, Artesian Water Maryland purchased from Cecil County of all of Cecil County’s right, title and interest in and to the Meadowview, Pine Hills, Harbourview and Route 7 water facilities and the associated parcels of real property, easement rights and water transmission and distribution systems. The existing water systems subject to the asset purchase agreement serve approximately 1,500 customers. Artesian Water Pennsylvania Artesian Water Pennsylvania provides water service to a residential community in Chester County. Artesian Wastewater Artesian Wastewater is a regulated entity that owns wastewater collection and treatment infrastructure and provides wastewater services to customers in Delaware as a regulated public wastewater service company. As of December 31, 2011, Artesian Wastewater owned and operated 5 wastewater treatment facilities, which are capable of treating approximately 750,000 gallons per day and can be expanded to treat approximately 1.6 million gallons per day (mgd). Artesian Wastewater Maryland Artesian Wastewater Maryland is a regulated wastewater entity in the state of Maryland. Artesian Utility Artesian Utility designs and builds water and wastewater infrastructure and provides contract water and wastewater services on the Delmarva Peninsula. Artesian Utility also evaluates land parcels, provides recommendations to developers on the size of water or wastewater facilities and the type of technology that should be used for treatment at such facilities, and operates water and wastewater facilities in Delaware and Maryland for municipal and governmental organizations. The company operates wastewater treatment facilities for the town of Middletown, in southern New Castle County, or Middletown, under a 20-year contract that expires on February 1, 2021. The facilities include 2 wastewater treatment stat