Business
California Water Service Group Announces Agreement to Purchase Nexus Water Group’s Nevada and Oregon Water and Wastewater Systems, Solidifying Its Position as the Largest Regulated Water Utility in the Western U.S. and Creating a Platform for Additional Growth
Adds approximately 36,000 equivalent residential connections across water and wastewater systems in Nevada and OregonExpands footprint and solidifies Company’s position as the largest regulated water utility in the western United StatesEstablishes a scalable regional platform with embedded growth opportunitiesProvides a clear pathway for new capital investments benefiting Oregon and Nevada water and wastewater customersConference call at 8 a.m. PT on February 26 SAN JOSE, Calif., Feb. 25, 2026 (
About this update from California Water Service Group
[{"type":"list","items":[{"val":[{"type":"text","content":"Adds approximately 36,000 equivalent residential connections across water and wastewater systems in Nevada and Oregon","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"Expands footprint and solidifies Company’s position as the largest regulated water utility in the western United States","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"Establishes a scalable regional platform with embedded growth opportunities","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Provides a clear pathway for new capital investments benefiting Oregon and Nevada water and wastewater customers","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"Conference call at 8 a.m. PT on February 26","length":43,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":466,"olType":false},{"type":"text","content":"SAN JOSE, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, announced today that it has reached an agreement to purchase Nexus Water Group’s Nevada and Oregon water and wastewater systems, adding approximately 36,000 equivalent residential connections and a combined rate base of approximately $109 million at December 31, 2025.","length":467,"tagName":"p"},{"type":"text","content":"“This is a great way to kick off our centennial year,” said Chairman and Chief Executive Officer Martin A. Kropelnicki. “We started out serving four small California communities in 1926, and with this acquisition, we will serve roughly two million people through approximately 584,000 service connections in seven western states. We look forward to completing the transaction and integrating the systems in a way that provides opportunities for employees and excellent service to customers,” he said.","length":500,"tagName":"p"},{"type":"text","content":"Nexus Water Group President and CEO Rob MacLean said, “Nexus is committed to driving value through our long-term strategy. With this divestment, we are right-sized and strategically positioned for continued growth. We look forward to sharpening our focus where we lead the market and can build on our competitive edge in the industry. We will work closely with California Water Service Group to ensure this t...