California American Water Purchase Contract Approved by Bellflower City Council
November 14 2017 - 12:30AM
Business Wire
Acquisition of city water system will grow
utilities footprint more than 1,800 customers
In a unanimous vote tonight, the Bellflower City Council
approved the sale of the City’s municipal water system to
California American Water, following voter approval in 2016.
California American Water was selected to purchase the water
system due to its record of providing safe, clean, affordable and
reliable water services to communities across the state.
"We have a strong legacy and presence in the Los Angeles region
where we’ve been providing water service for over 50 years,” said
Rich Svindland, California American Water President. “Pending
approval by the California Public Utilities Commission (CPUC), this
acquisition will provide residents with access to a long-term,
reliable water supply for years to come. We are proud to serve our
new Bellflower customers, and ensure that their water quality meets
or surpasses state and federal standards.”
Bellflower Mayor Ron Schnablegger said, “California American
Water has a goal of providing reliable and efficient water services
to customers in Los Angeles County. The company's commitment to its
customers, working safely and being a model of environmental
protection is consistent with the city’s philosophy. The city is
pleased residents will have excellent water service from California
American Water.”
The residents of Bellflower approved the sale of the City’s
water system during the November 2016 election. The system serves
about 10% of the city, and is located about 19 miles from
California American Water’s Los Angeles County district operations
center.
The company and the City of Bellflower will seek approval from
the CPUC. The purchase price of the system will be $17 million,
which the city will receive at the close of the sale pursuant to
CPUC approval. Once the acquisition is complete, the company plans
to make numerous upgrades to the system’s water infrastructure
including upgrading or replacing water mains that are nearing the
end of their useful lives.
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
have access to utilize the company’s low-income ratepayer
assistance program, as well as conservation programs including
rebates and free water saving devices.
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. California American Water’s
Los Angeles County district includes approximately 28,000
households and businesses and serves a population of about 100,000
people in the cities of Bradbury, Duarte, El Monte, Irwindale,
Monrovia, Rosemead, San Gabriel, San Marino and Temple City, as
well as unincorporated portions of Los Angeles County and the
Baldwin Hills area. More information can be found at
www.californiaamwater.com.
Founded in 1886, American Water is the largest publicly traded
U.S. water and wastewater utility company. With headquarters in
Voorhees, N.J., the company employs approximately 6,800 dedicated
professionals who provide 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/20171113006519/en/
California American WaterKevin Tilden,
619-466-4762kevin.tilden@amwater.comwww.californiaamwater.com
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