California American Water Completes Acquisition of West San Martin Water Works
06 Febbraio 2025 - 1:07AM
Business Wire
California American Water, a wholly owned subsidiary of American
Water, announced today that it has completed its acquisition of the
West San Martin Water Works (West San Martin) system assets for
$1.6 million. The acquisition adds approximately 325 new water
connections to the company’s current customer base, which already
includes approximately 40,000 connections on the Monterey Peninsula
and other parts of Monterey County.
“We’re thrilled to begin serving West San Martin customers and
to continue providing safe, clean, and affordable water service,”
said Kevin Tilden, President, California American Water. “West San
Martin customers will also benefit from new customer service
options and programs offered by the company.”
With the purchase of the West San Martin system, the community
of San Martin will benefit from the industry expertise and
experience that California American Water offers. Additionally,
consolidation with a larger system will contribute to important
rate stability for the community while also providing resources for
the implementation of essential capital improvements.
“For over 60 years West San Martin Water Works has been proud to
serve our community with safe and reliable drinking water,” said
Brian Ukestad, President, West San Martin Water Works. “For the
last 40 years, our family has been honored to run the utility.
Thank you for being wonderful customers and we are confident that
California American Water will continue to provide safe and
reliable water in the years ahead.”
The acquisition of West San Martin was approved by the CPUC in
January 2025, and water service provided by California American
Water to West San Martin customers will begin in February 2025.
Transitioning water service from West San Martin to California
American Water will be seamless and will not require any action
from customers.
Customers are invited to meet California American Water
representatives at a community workshop on Saturday, February 8 at
5 p.m. at the Wings of History Museum located at 12777 Murphy
Avenue, Suite 201 in San Martin. Customers can also learn more at
www.amwater.com or contact the company to report emergencies or for
service inquiries at 888 237-1333.
About American Water
American Water (NYSE: AWK) is the largest regulated water and
wastewater utility company in the United States. With a history
dating back to 1886, We Keep Life Flowing® by providing safe,
clean, reliable and affordable drinking water and wastewater
services to more than 14 million people with regulated operations
in 14 states and on 18 military installations. American Water’s
6,700 talented professionals leverage their significant expertise
and the company’s national size and scale to achieve excellent
outcomes for the benefit of customers, employees, investors and
other stakeholders.
For more information, visit amwater.com and join American Water
on LinkedIn, Facebook, X and Instagram.
About California American Water
California American Water, a subsidiary of American Water,
provides high-quality and reliable water and wastewater services to
approximately 700,000 people. For more information, visit
www.californiaamwater.com and follow California American Water on
LinkedIn, Facebook, X, and Instagram.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250205948006/en/
Media Josh Stratton Manager, External Affairs Phone:
831-435-6015 Email: josh.stratton@amwater.com
Grafico Azioni American Water Works (NYSE:AWK)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni American Water Works (NYSE:AWK)
Storico
Da Mar 2024 a Mar 2025