California Water (CWT) Acquires Kings Mountain's Water System

California Water Service Group (CWT) announced that its subsidiary California Water Service (Cal Water) has acquired Kings Mountain Park Mutual Water Company's (Kings Mountain) water system assets. The agreement was originally approved by the California Public Utilities Commission in late 2022. In order to ensure the extension of high-quality services to customers and investments needed to upgrade the existing and acquired assets, large water utility companies are acquiring small players. Per the U.S. Envir ...