California American Water Enters into Contract to Purchase Adams Ranch Mutual Water Company
California American Water has entered into a Purchase Agreement to acquire the operating assets from Adams Ranch Mutual Water Company and assume the provision of water service within the Adams Ranch Mutual Water Company service area in Rosemead, Calif.
Adams Ranch Mutual Water Company serves residential connections and one commercial connection. The entire system is served by one well built in 2001 along with an interconnection with California American Water.
The purchase of the water system will add approximately 176 metered customer connections to California American Water’s customer base in the Los Angeles region. California American Water currently supplies water service to more than 28,000 homes and businesses in the Los Angeles County District.
Adams Ranch customers will be served by staff that includes water treatment and distribution operators who are experts in their fields and hold water and waste water treatment and distribution certifications through the California Department of Public Health.
“As a result of this acquisition, many of the Adams Ranch Mutual Water Company customers will have access to our various services, such as our ambitious conservation program, paperless billing, web self-service portal, multi-lingual customer service and a low-income discount program,” said Director of Southern California Operations, Garry Hofer. “I am looking forward to serving the Adams Ranch customers and welcoming them to our services.”
The purchase of Adams Ranch Mutual Water Company is pending and California American Water will be filing an Advice Letter with the California Public Utilities Commission seeking approval.
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.
California American Water
Director, External Affairs