California Water Service Enters into Agreement to Acquire Casa Loma Water Company and Palm Mutual Water Company

Core Viewpoint - California Water Service (Cal Water) has signed agreements to acquire water utility assets from Casa Loma Water Company and Palm Mutual Water Company, enhancing its service area and customer base [1][4]. Group 1: Acquisition Details - Casa Loma serves approximately 900 people through 237 residential and 11 commercial connections, located three miles from Cal Water's Bakersfield Operations Center [2]. - Palm Mutual serves 63 residential customers and is located two miles from Cal Water's Northeast Bakersfield Treatment Plant [3]. - Both acquisitions are subject to approval by the California Public Utilities Commission (CPUC) and will involve the adoption of existing Cal Water rates for new customers [4]. Group 2: Infrastructure and Service Improvements - Cal Water plans to install additional interconnections for Casa Loma to improve fire flow and system pressure, along with upgrading the infrastructure to meet its standards [2]. - For Palm Mutual, Cal Water anticipates upgrading the system's infrastructure over time to ensure consistent and high-quality operations [3]. Group 3: Company Overview - California Water Service provides reliable water utility services to over 2.1 million people through 499,400 service connections, focusing on enhancing quality of life and sustainability initiatives [6]. - The company has been recognized as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek [6].