ROHSTOFF INTERNATIONAL

23:43 | 19.04.2019
California American Water Signs Contract to Acquire East Pasadena Water Company

California American Water, a subsidiary of American Water (NYSE:
AWK), has entered into an agreement to acquire the assets of the East
Pasadena Water Company. Following the completion of the sale, California
American Water will become the new water provider to approximately
10,000 residents in Temple City, Arcadia and the East Pasadena area.

“We are pleased to have entered into a contract and look forward to
serving customers in the East Pasadena Water Company service area,”
said California American Water’s President Rich Svindland. “Our San
Marino and Rosemead water systems are near East Pasadena so we know the
area well. East Pasadena customers will be able to take advantage of our
excellent conservation, rate assistance and customer service programs
once the integration is complete.”

East Pasadena Water Company is a privately owned class B utility located
in Los Angeles County with a long history of serving the community.
California American Water currently supplies water to more than 48,000
homes and businesses in Los Angeles and Ventura County. East Pasadena’s
customers will be served by California American Water’s water treatment
and distribution operators who are experts in their respective fields
and are certified through the California State Water Resources Control
Board’s Division of Drinking Water.

“As a proud water provider to this community for more than 85 years, it
was very important that our customers receive service from a company
with local ties to the area,” said Tony (Anton) Garnier, owner of the
East Pasadena Water Company. “I believe that California American Water,
with its long and distinguished service record in the area, will
continue to provide the exceptional level of service and care our
customers have come to expect. In short, I believe this is the right fit
for our customers, the community and our employees,” he added.

East Pasadena Water Company and California American Water Company will
now file an application for approval of the transaction at the
California Public Utilities Commission.

California American Water, a subsidiary of American Water (NYSE: AWK),
provides high quality and reliable water and/or wastewater services to
more than 690,000 California residents. Information regarding California
American Water’s service areas can be found on the company’s website 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 www.amwater.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190419005166/en/


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