California American Water to Purchase the Operating Assets of Meadowbrook Water Company of Merced
July 22 2015 - 4:52PM
Business Wire
California American Water has signed a contract to acquire the
Meadowbrook Water Company and assume domestic water services within
Meadowbrook’s service area.
Meadowbrook, based in Merced County, is an investor-owned
utility regulated by the California Public Utilities Commission.
The purchase of the systems will add approximately 1,650 water
service connections to California American Water's customer base in
California’s Central Valley.
California American Water currently supplies water service to
nearly 600,000 Californians about 1/3 of which are in the Central
Valley. Meadowbrook customers will be served by California American
Water's water treatment and distribution operators who are experts
in their fields and are certified through the California Department
of Public Health.
"As a result of this acquisition, Meadowbrook customers will
have access to a range of customer services," said California
American Water's Director of Northern California Operations Audie
Foster. "Our services include a customer service center available
for emergencies, language translation, web self-service, paperless
billing, and our H2O Help to Others Program, which provides Low
Income Rate Assistance to customers such as seniors on low, fixed
incomes and to families facing financial hardships. California
American Water’s conservation programs, including in-home water
efficiency programs and rebates, will help Meadowbrook customers in
their wise use of water."
"This is most certainly a positive step to securing long-term
quality service for our customers at Meadowbrook," said Meadowbrook
Water Company owner David Walker.
The purchase of Meadowbrook Water Company is underway and
California American Water will be filing for approval with the
California Public Utilities Commission.
California American Water, a subsidiary of American Water (NYSE:
AWK), provides high quality and reliable water and/or wastewater
service to approximately 600,000 people.
Founded in 1886, American Water is the largest and most
geographically diverse publicly traded U.S. water and wastewater
utility company. With headquarters in Voorhees, N.J., the company
employs 6,400 dedicated professionals who provide regulated and
market-based drinking water, wastewater and other related services
to an estimated 15 million people in 47 states and Ontario, Canada.
More information can be found at www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150722006503/en/
California American WaterKevin TildenDirector, External
Affairs619-522-6362kevin.tilden@amwater.com
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