California American Water Acquires Oxbow Marina Mutual Water Company
July 18 2017 - 1:44PM
Business Wire
California American Water assumes ownership and
operations of the Oxbow Marina Mutual Water Company on July 18,
2017
California American Water today announced the closing of its
acquisition of the Oxbow Marina Mutual Water Company in Sacramento.
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 July 18, 2017. The Oxbow Marina system is located
one mile from the Sacramento District’s Isleton system.
Oxbow Marina, a large deluxe marina with boat slips and
waterfront homes, is located on Georgiana Slough, which is a scenic
waterway connecting the Sacramento River to the Mokelumne River
near Walnut Grove and Highway 12. Historic difficulty complying
with state and federal water standards has placed Oxbow under a
requirement to upgrade its antiquated water system. The system will
now be connected to California American Water’s system to improve
drinking water quality and provide greater system reliability.
“Oxbow Mutual Marina Water Company looks forward to working with
California American Water to provide our customers an improved
water source with the planned pipeline connection to their
excellent water filtration plant in Isleton,” said Kimberly Korth,
president of the Oxbow Marina Mutual Water Company and co-owner of
Oxbow Marina.
Oxbow’s historic water supply exceeded state and federal maximum
contaminate levels for arsenic. California American Water, Oxbow,
and the California State Water Resources Control Board Division of
Financial Assistance worked together to complete grant-funded
improvements that tie the Oxbow water system to California American
Water’s Isleton system. Now that the systems are connected, water
treated at California American Water’s Isleton arsenic treatment
plant will become Oxbow’s new potable source.
“California American Water looks forward to welcoming our new
Oxbow customers and introducing them to our conservation programs
including rebates, free services and devices. This is truly a
win-win as the new customers will enjoy improved water quality,”
said Director of Northern California Operations Audie Foster. “We
are currently working to ensure a seamless transition to provide
our new 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 660,000 people.
With a history dating back to 1886, American Water is the
largest and most geographically diverse U.S. publicly-traded water
and wastewater utility company. 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 by visiting www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170718006249/en/
California American WaterEvan Jacobs, 916-568-4252Mobile:
707-495-6135evan.jacobs@amwater.com
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