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Stock impact report

California Water (CWT) Acquires Kings Mountain's Water System [Yahoo! Finance]

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: Yahoo! Finance
The agreement was originally approved by the California Public Utilities Commission in late 2022. Customers of Kings Mountain will now receive water utility services directly from Cal Water's Bear Gulch District, which had previously supplied water to the community through a system interconnection. California Water Service's 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. The Kings Mountain system is adjacent to two other portions of the Bear Gulch District. Joining the systems might result in enhanced water supply reliability and firefighting capabilities. Cal Water intends to make investments in Kings Mountain's water infrastructure to ensure that it continues to provide reliable and safe water for both regular customer demands and emergency firefighting requirements. Needs for Investments & Consolidation Aging water Show less Read more
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