California American Water Acquires Meadowbrook Water Company
April 01 2017 - 01:57PM
Business Wire
California American Water assumes ownership and
operations of the Meadowbrook Water Company on April 1, 2017
California American Water today announced the closing of
acquisition and its commencement of operations of the Meadowbrook
Water Company in Merced County. Under the terms of an agreement
approved by the California Public Utilities Commission, California
American Water will be providing its newly welcomed customers with
state-regulated potable water service beginning April 1, 2017.
California American Water purchased the Meadowbrook system of
approximately 1,700 customers from the Walker family of Merced,
California. The Walker family has owned and operated the water
system for three generations.
California American Water maintains a staff of qualified
personnel who are experts in their field and duly certified by the
California State Water Resources Control Board.
New customers will now be able to utilize the company’s
Conservation services offering rebates and free water saving
devices.
“California American Water and Meadowbrook Water Company share a
goal of providing dependable water services to customers in Merced
County,” said David Walker of the Meadowbrook Water Company. “It
was a great opportunity to have worked with California American
Water and we look forward to their contributions to the
Beachwood/Franklin community.”
“We look forward to welcoming our new Meadowbrook customers to
California American Water and are eager to introduce them to our
various programs that include rebates, free water conservation
services and devices,” said Audie Foster, the Director of Northern
California Operations. “Our commitment to our Meadowbrook customers
includes ensuring they have access to 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170401005009/en/
California American WaterKevin Tilden,
619-466-4762kevin.tilden@amwater.comwww.californiaamwater.com
American Water Works (NYSE:AWK)
Historical Stock Chart
From Feb 2024 to Mar 2024
American Water Works (NYSE:AWK)
Historical Stock Chart
From Mar 2023 to Mar 2024