California Water Service Group Subsidiaries to Acquire Systems in California and Washington.
MANews-(C)2009-2022
US-based water and wastewater service provider California Water Service Group (NYSE: CWT) subsidiaries California Water Service (Cal Water) and Washington Water Service (Washington Water) have signed agreements to acquire the water system assets of two utilities near the companies' existing service areas, the company said.
Cal Water said it plans to purchase King's Mountain Park Mutual Water Company (King's Mountain), while Washington Water intends to acquire Bethel Green Acres Water Association (Bethel Green Acres).
Adjacent to Cal Water's Bear Gulch District, King's Mountain currently serves 23 residential connections near Skyline Boulevard in the Bay Area.
Because the system relies on customers to voluntarily maintain system operations, the State Water Resources Control Board's Division of Drinking Water has worked with Cal Water to bring the King's Mountain system and customers into Cal Water's Bear Gulch District.
Bethel Green Acres, which is located in Graham, Wash., and borders...
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