CA American Water signs contract to acquire Meadowbrook Water Company
California American Water has signed a contract to acquire the Meadowbrook Water Company and assume domestic water services within its service area.
CORONADO, CA, July 24, 2015 -- California American Water (CAW) -- a subsidiary of American Water, the nation's largest publicly traded water and wastewater utility company -- has signed a contract to acquire the Meadowbrook Water Company and assume domestic water services within its 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 CAW's customer base in the state's Central Valley. CAW 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 the company's water treatment and distribution operators.
"As a result of this acquisition, Meadowbrook customers will have access to a range of customer services," said CAW'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."
She added, "California American Water's conservation programs, including in-home water-efficiency programs and rebates, will help Meadowbrook customers in their wise use of water." The purchase of Meadowbrook Water Company is underway, and CAW will be filing for approval with the California Public Utilities Commission.
About California American Water
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. The company's Ventura County service district includes approximately 28,000 households and businesses and serves the cities of Camarillo, a portion of Thousand Oaks, and the community of Newbury Park as well as unincorporated portions of Ventura County. For more information, visit www.amwater.com.