Vancouver-based natural gas pipeline and utility company Terasen Inc. is moving into the water business. The company has bought a 50 per cent share of Fairbanks Sewer and Water Inc. that provides water distribution and wastewater treatment in Fairbanks, Alaska. The city of Fairbanks has transferred its water utility to private ownership and operation.
Terasen is aggressively looking at expanding its water business. We believe that it will provide a model for other opportunities in western North America, says Terasen CEO John Reid. Terasen doesnt rule out the option of buying the rest of Fairbanks Sewer and Water.