California Water Service Completes Acquisition of Two Water Companies
California Water Service Expands Its Reach
California Water Service (Cal Water) has entered into significant agreements to acquire the water utility assets of Casa Loma Water Company and Palm Mutual Water Company. This strategic move is part of Cal Water's ongoing mission to enhance service delivery and customer satisfaction throughout its service regions.
Acquisition Details
Casa Loma currently serves approximately 900 residents, boasting 237 residential and 11 commercial customer connections. The system is in close proximity to Cal Water's existing Bakersfield operations, positioned just three miles away. As Cal Water already has an interconnection with Casa Loma, it will seamlessly begin water deliveries to these new customers once the acquisition process is finalized. This transition aims to bolster service quality, with plans for further infrastructure upgrades to meet Cal Water’s high operational standards.
On the other hand, Palm Mutual, located two miles from the Northeast Bakersfield Treatment Plant, serves 63 residential customers. Given that Palm Mutual lacks its own water supply sources, Cal Water currently provides services through a master meter interconnection. Following the acquisition, Cal Water anticipates systematically improving Palm Mutual’s infrastructure to ensure the delivery of consistent and high-quality water services.
Regulatory Approval Process
Both acquisitions are contingent upon achieving satisfactory closing conditions and receiving approval from the California Public Utilities Commission (CPUC). As part of the acquisition process, Cal Water plans to file a Tier 2 Advice Letter that seeks the adoption of its existing rates for the newly absorbed customers, aiming for a smooth transition for all involved.
Commitment to Customer Care
Martin A. Kropelnicki, Chairman and CEO of Cal Water, expressed gratitude towards Palm Mutual and Casa Loma for prioritizing their customers' health and safety. Kropelnicki emphasized the company’s commitment to delivering the same high level of service to these new clients as it provides to existing Bakersfield customers, showcasing Cal Water's dedication to community welfare and service excellence.
About California Water Service
California Water Service stands as a pillar of high-quality, reliable water utility services, catering to over 2.1 million individuals statewide. The company operates through more than 499,400 service connections, driven by a purpose to enhance the quality of life for the communities it serves. Investing responsibly in water and wastewater infrastructure, sustainability efforts, and community initiatives, Cal Water reinforces its mission by adhering to strong core values.
With a robust workforce of 1,200 employees, the utility embodies a commitment to environmental conservation and community care, making a meaningful impact in the areas it serves. The company has garnered recognition as one of “America’s Most Responsible Companies” by renowned publications, including accolades as a USA Top Workplace and a Great Place to Work. More about their services and initiatives can be found on their official website.
Frequently Asked Questions
What are the implications of Cal Water acquiring Casa Loma and Palm Mutual?
The acquisition will enhance services for existing customers and provide upgrades to infrastructure, ensuring high-quality water delivery.
How will the acquisition affect current Casa Loma and Palm Mutual customers?
Current customers will benefit from enhanced service levels and infrastructure improvements, aiming for a seamless transition under Cal Water management.
What is the timeline for the acquisition process?
The completion of the acquisition depends on the regulatory approval by the California Public Utilities Commission and satisfactory closing conditions.
How does Cal Water ensure service quality across its connections?
Cal Water invests significantly in infrastructure upgrades and adheres to operational standards to maintain high service quality for all customers.
Where can I find more information about California Water Service?
More information is available on the California Water Service official website.
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