Business
H2O America - Quadvest Fair Market Value Determination Received; on Track for Mid-2026 Close
H2O America - Quadvest Fair Market Value Determination Received; on Track for Mid-2026
About this update from H2o America
SAN JOSE, Calif. - H2O America (NASDAQ: HTO) today announced that its regulated Texas water and wastewater utility, The Texas Water Company (TWC), received the appraised fair market values (FMV) from the three Public Utility Commission of Texas (PUCT)-appointed appraisers for the assets of Quadvest LP , a regulated investor-owned water and wastewater utility operating in the Houston metro area. In accordance with Texas' FMV statute, the purchase price of $483.6 million will serve as the ratemaking rate base. 'We appreciate the hard work of all parties involved during the appraisal process,' said Aundrea Williams , President of TWC. 'We believe the FMV determination supports our previously communicated benefits of the transaction.' TWC plans to file the Sale-Transfer-Merger (STM) application with the PUCT by mid-January to request approval of TWC's acquisition of the Quadvest LP assets and certification of the value of the rate base. We continue to anticipate closing the Quadvest acquisition by mid-2026. Contact: Investor Jonathan G. Reeder Senior Director of Treasury & Investor Relations (475) 414-1034 [email protected] Media Nazan Riahei Vice President of Communications (408) 731-0890 [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire