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California American Water Acquires Rio Plaza Water Company

June 4, 2019

NEWBURY PARK, Calif.--(BUSINESS WIRE)--Jun 4, 2019--

California American Water today announced the closing of acquisition and its commencement of operations of the Rio Plaza Water Company in Ventura County. Under the terms of an agreement approved by the California Public Utilities Commission, California American Water will be providing its newly welcomed customers with state-regulated potable water service beginning June 4, 2019.

“We look forward to welcoming our new Rio Plaza customers to California American Water and are eager to introduce them to our various programs that include rebates, free water conservation services and devices,” said Chris Mattis, Director of Southern California Operations. “California American Water maintains a staff of qualified personnel who are experts in their field and duly certified by the California State Water Resources Control Board. And our commitment to Rio Plaza customers includes ensuring they have access to safe and reliable water services at a reasonable rate.”

California American Water purchased the Rio Plaza water system of approximately 500 customers from the Nickel family of Moorpark, California. The Nickel family has owned and operated the water system for two generations.

“California American Water and Rio Plaza Water Company share a goal of providing dependable water services to customers in Ventura County,” said John Chris Nickel, Sr. of the Rio Plaza Water Company. “We believe California American Water will provide the best service to our customers and we look forward to their active participation in the community.”

California American Water, a subsidiary of American Water (NYSE: AWK), provides high-quality and reliable water and/or wastewater services to more than 675,000 people. California American Water’s Ventura County service district includes approximately 21,000 households and businesses and serves a population of approximately 63,000 in the cities of Camarillo, Thousand Oaks, and the community of Newbury Park as well as unincorporated portions of Ventura County. More information can be found at www.californiaamwater.com.

With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,100 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to more than 14 million people in 46 states and Ontario, Canada. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter,FacebookandLinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190604006106/en/

CONTACT: Kevin Tilden

Office: 619-466-4762

Email:kevin.tilden@amwater.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ENERGY UTILITIES NATURAL RESOURCES OTHER NATURAL RESOURCES CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: California American Water

Copyright Business Wire 2019.

PUB: 06/04/2019 05:42 PM/DISC: 06/04/2019 05:42 PM

http://www.businesswire.com/news/home/20190604006106/en

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