Business
California Water Service Receives CPUC Approval to Acquire Palm Mutual Water Company
SAN JOSE, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- In another step toward providing safe, reliable water to Palm Mutual Water company (Palm Mutual) customers long-term, California Water Service (Cal Water) has received California Public Utilities Commission (CPUC) approval of its pending acquisition of Palm Mutual. Cal Water is the largest subsidiary of California Water Service Group (NYSE: CWT). Palm Mutual, located two miles from Cal Water’s Northeast Bakersfield Treatment Plant, currently se
About this update from California Water Service Group
[{"type":"image","alt":"California Water Service Group","displaySize":"","headline":null,"caption":"California Water Service Group","className":"","disableSlideshowImg":false,"size":{"original":{"width":299,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/af4a3560269916b8f3ba74331b19f321"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6BHmxLrmVDIYkcvtnx4DJQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/af4a3560269916b8f3ba74331b19f321","width":299,"height":300}},"lazy":false},{"type":"text","content":"SAN JOSE, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- In another step toward providing safe, reliable water to Palm Mutual Water company (Palm Mutual) customers long-term, California Water Service (Cal Water) has received California Public Utilities Commission (CPUC) approval of its pending acquisition of Palm Mutual. Cal Water is the largest subsidiary of California Water Service Group (NYSE: CWT).","length":400,"tagName":"p"},{"type":"text","content":"Palm Mutual, located two miles from Cal Water’s Northeast Bakersfield Treatment Plant, currently serves 63 residential customers. Cal Water already serves Palm Mutual through a master meter interconnection, since the latter does not own or operate its own sources of supply. Cal Water intends to upgrade the system’s infrastructure over time to help provide consistent and high-quality operations to Palm Mutual customers.","length":422,"tagName":"p"},{"type":"text","content":"“We appreciate the CPUC, along with the State Water Resources Control Board’s Division of Drinking Water, for their diligence and efforts to help provide safe, reliable water to Palm Mutual’s customers long-term,” said Martin A. Kropelnicki, Cal Water Chairman and Chief Executive Officer. “We look forward to working through the final steps, completing the acquisition, and officially welcoming Palm Mutual’s customers to the Cal Water family.”","length":445,"tagName":"p"},{"type":"text","content":"When the acquisition is finalized, Palm Mutual customers will be served by Cal Water’s Bakersfield District. The Bakersfield District provides safe, clean, reliable water to about 445,600 people currently through approximately 120,000 service connections in its system along with the City of Bakersfield water system, which it operates. The purchase remains subject to customary clos...