AcquisitionsJul 1, 2026, 04:17 PM
Cal Water Completes Palm Mutual Water Co. Acquisition
AI Summary
California Water Service (Cal Water) has completed the acquisition of Palm Mutual Water Company, following an agreement in May 2025 and approval by the California Public Utilities Commission. The Palm Mutual system serves approximately 250 residents through 63 connections and will now be integrated into Cal Water's Bakersfield District. Cal Water plans to upgrade the system's infrastructure to enhance water quality and reliability for its new customers.
Key Highlights
- Cal Water completed the acquisition of Palm Mutual Water Company.
- Palm Mutual serves an estimated 250 residents through 63 residential customer connections.
- The acquired system is located two miles from Cal Water's Northeast Bakersfield Treatment Plant.
- California Public Utilities Commission (CPUC) approved the acquisition in December 2025.
- Cal Water plans to upgrade the system's infrastructure over time.
- Cal Water's Bakersfield District serves about 445,600 people through 120,000 connections.
Price Impact
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