California Water Service Completes Acquisition Of Palm Mutual Water Company

About this update from California Water Service Group

SAN JOSE, Calif., July 01, 2026 (GLOBE NEWSWIRE) -- Following its agreement to acquire Palm Mutual Water Company (Palm Mutual) in May 2025 and subsequent approval by the California Public Utilities Commission, California Water Service (Cal Water) has completed the purchase of Palm Mutual's water system assets and will now begin serving its customers through Cal Water's Bakersfield District. The Palm Mutual system serves an estimated 250 residents through 63 residential customer connections and is located just two miles from Cal Water's Northeast Bakersfield Treatment Plant. Cal Water already serves Palm Mutual through a master meter interconnection, since Palm Mutual did not own or operate its own sources of supply. Cal Water plans to upgrade the system's infrastructure over time to help support long-term water quality and reliability. "We believe everyone should have access to safe, clean, reliable, and affordable water and that bringing Palm Mutual's water system into our Bakersfield District will help its customers have the high-quality water they need for their everyday use and emergencies, both now and into the future," said Martin A. Kropelnicki, Cal Water Chairman and CEO. "We welcome Palm Mutual's customers to California Water Service and look forward to serving them." Cal Water, the largest subsidiary of California Water Service Group (NYSE: CWT), is regulated by the CPUC, which approved the acquisition in December 2025. Cal Water's Bakerfield District already serves about 445,600 people through approximately 120,000 service connections in its own system and the City of Bakersfield water system, which it operates. About California Water Service California Water Service provides high-quality, reliable water utility services to more than 2.1 million people statewide through 500,000 service connections. Cal Water's purpose is to enhance the quality of life for customers and communities. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company's 1,200 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The utility, commemorating a century of service this year, has been named one of "America's Most Responsible Companies" and one of the "World's Most Trustworthy Companie...

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