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California Water Service (Cal Water) has completed the purchase of Skylonda Mutual Water Company's water system assets, following approval by the California Public Utilities Commission (CPUC) last summer. Cal Water is the largest subsidiary of California Water Service Group (NYSE:CWT).
Cal Water's Bear Gulch District, which is adjacent to the Skylonda system, will now provide water utility service to Skylonda's 156 customer connections. The Bear Gulch District already serves about 61,000 people through approximately 19,000 service connections in Portola Valley, Woodside, Atherton, and portions of Menlo Park, Redwood City, and San Mateo County.
Cal Water intends to invest in Skylonda's water infrastructure to help it remain safe and reliable for customers' everyday needs and firefighters' emergency needs. Additionally, because Skylonda is between Cal Water's Skyline system and the rest of the Bear Gulch District, the utility plans to interconnect the three areas to enhance water supply reliability to the entire district.
"We have appreciated working with Skylonda Mutual Water Company to complete the acquisition and help facilitate a seamless transition, so that we can best provide Skylonda customers the quality, service, and value that they expect and deserve," said Marty Kropelnicki, Cal Water Chairman and CEO. "We look forward not only to delivering a reliable supply of safe, clean water to our new customers, but also to being part of their community."
Posted In: CWT
