California Water Service Group Expanding Investment and Operations in Texas

Core Viewpoint - California Water Service Group has agreed to purchase the remaining membership interests of BVRT Utility Holding Company, becoming the sole owner of its water and wastewater utilities in the Austin-San Antonio corridor [1] Group 1: Acquisition Details - The acquisition is subject to customary terms and conditions, including approval from the Public Utilities Commission of Texas and the Group Board [2] - The acquisition will enhance California Water Service Group's investment and operations in Texas, allowing for better integration of the BVRT team [5] Group 2: Expansion and Infrastructure - BVRT has been expanding its Texas footprint by building and enhancing water and wastewater infrastructure [1] - Camino Real Utility Company, a BVRT subsidiary, has received a water certificate to serve future customer connections in a 230-acre area in Caldwell County [3] - Camino Real currently provides wastewater service to 270 customers and has plans to extend its sewer main to serve a new development expected to include up to 5,000 dwelling units by 2036 [4] Group 3: Company Overview - California Water Service Group operates regulated utilities across multiple states, providing water and wastewater services to over 2.1 million people [6]