SouthWest Water Company Sells Wholesale Wastewater Business
January 05 2009 - 7:00AM
Business Wire
SouthWest Water Company (Nasdaq:SWWC) today announced the sale of
its wholesale wastewater business in Texas. Net cash proceeds were
$2.8 million. As previously announced, the company decided to
divest its underperforming Texas-based wholesale water and
wastewater businesses at the end of 2007. As a result, these
businesses have been reflected as discontinued operations with the
related assets and liabilities as held for sale in its financial
statements. The wastewater treatment plant sold represents a
portion of these assets and liabilities. SouthWest Water Company
provides a broad range of operations, maintenance and management
services, including water production, treatment and distribution;
wastewater collection and treatment; customer service; and utility
infrastructure construction management. The company owns regulated
public utilities and also serves cities, utility districts and
private companies under contract. More than two million people in
10 states depend on SouthWest Water for high-quality, reliable
service. Additional information may be found on the company�s
website: www.swwc.com.
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