California American Water Enters into Contract to Purchase Adams Ranch Mutual Water Company
June 16 2015 - 07:23PM
Business Wire
California American Water has entered into a Purchase Agreement
to acquire the operating assets from Adams Ranch Mutual Water
Company and assume the provision of water service within the Adams
Ranch Mutual Water Company service area in Rosemead, Calif.
Adams Ranch Mutual Water Company serves residential connections
and one commercial connection. The entire system is served by one
well built in 2001 along with an interconnection with California
American Water.
The purchase of the water system will add approximately 176
metered customer connections to California American Water’s
customer base in the Los Angeles region. California American Water
currently supplies water service to more than 28,000 homes and
businesses in the Los Angeles County District.
Adams Ranch customers will be served by staff that includes
water treatment and distribution operators who are experts in their
fields and hold water and waste water treatment and distribution
certifications through the California Department of Public
Health.
“As a result of this acquisition, many of the Adams Ranch Mutual
Water Company customers will have access to our various services,
such as our ambitious conservation program, paperless billing, web
self-service portal, multi-lingual customer service and a
low-income discount program,” said Director of Southern California
Operations, Garry Hofer. “I am looking forward to serving the Adams
Ranch customers and welcoming them to our services.”
The purchase of Adams Ranch Mutual Water Company is pending and
California American Water will be filing an Advice Letter with the
California Public Utilities Commission seeking approval.
California American Water, a subsidiary of American Water (NYSE:
AWK), provides high quality and reliable water and/or wastewater
service to approximately 600,000 people.
Founded in 1886, American Water is the largest and most
geographically diverse publicly traded U.S. water and wastewater
utility company. With headquarters in Voorhees, N.J., the company
employs 6,400 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/20150616006763/en/
California American WaterKevin TildenDirector, External
Affairs619-522-6362kevin.tilden@amwater.com
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