California Water Service Group announced that it has entered into an agreement to acquire the water and wastewater system serving the Preserve at Millerton, a soon to be built 1,400-unit master-planned, mixed-use community in Madera County that will include residences, commercial/office space, parks, community facilities, and associated infrastructure.
The agreement requires the approval of the California Public Utilities Commission, which is expected to issue a decision on the matter before the end of 2019.
“We are pleased to provide service in this growing region, which is near our existing service area in Selma, California. We look forward to being part of this new community as it takes shape,” said President and Chief Executive Officer Martin A. Kropelnicki.
California Water Service Group is the parent company of California Water Service, Washington Water Service, New Mexico Water Service, Hawaii Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies employ 1,176 people who provide regulated and non-regulated water service to more two million people in California, Washington, New Mexico, and Hawaii. The company’s common stock trades on the New York Stock Exchange under the symbol “CWT.” More information is available at www.calwatergroup.com.