California Public Utilities Commission Approves California American Water Acquisition of Meadowbrook Water Company
December 01 2016 - 05:30PM
Business Wire
California American Water will begin ownership
and operation in 2017
California American Water announced it has received California
Public Utilities Commission approval for the acquisition of the
Meadowbrook Water Company in Merced County. California American
Water will begin operating the water system in 2017.
The water system was purchased for $4 million and will add
approximately 1,650 new service connections to California American
Water’s customer base in Sacramento County. California American
Water currently supplies water service to about 60,000 homes and
businesses in the Sacramento District and to about 178,000 other
customers throughout the State.
Meadowbrook Water Company customers will be served by a staff
that includes water treatment and distribution operators that are
experts in their fields and hold water treatment and distribution
certifications through the State Water Resources Control Board.
“I am pleased to welcome Meadowbrook Water Company customers and
am eager to introduce them to our conservation program that
features rebates, free services and devices. Our new customers are
also expected to eventually enjoy access to our low income
assistance and conservation programs,” said Director of Northern
California Operations S. Audie Foster. “Through this acquisition,
we will be able to provide customers with safe and reliable water
services at a reasonable rate.”
California American Water, a subsidiary of American Water (NYSE:
AWK), provides high-quality and reliable water and/or wastewater
services to more than 615,000 people.
Founded in 1886, American Water is the largest publicly traded
U.S. water and wastewater utility company. Marking its 130th
anniversary this year, the company employs more than 6,700
dedicated professionals who provide regulated and market-based
drinking water, wastewater and other related services to an
estimated 15 million people in 47 states and Ontario, Canada. More
information can be found at www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161201006510/en/
California American WaterEvan JacobsOffice: 916-568-4252Mobile:
707-495-6135evan.jacobs@amwater.com
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