Market Overview

California American Water Acquires Operating Assets of Dunnigan Water System

California American Water has entered into a purchase agreement to
acquire the operating assets of Dunnigan Water Works and assume the
responsibility for the provision of water and wastewater services within
Dunnigan Water Works' service area in Yolo County. Dunnigan Water Works
is an investor owned Class D Water Utility, regulated by the California
Public Utilities Commission (CPUC).

The purchase of the systems will add approximately 253 new water and
wastewater service connections to California American Water's customer
base in the Sacramento area. California American Water currently
supplies water service to almost 60,000 homes and businesses in areas of
Sacramento and Placer Counties.

See full press release

Posted-In: News Guidance Financing Contracts Asset Sales M&A Global

 

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