Se aprueba la adquisición del sistema de agua de King's Mountain

Cal Water recibió la aprobación de la Comisión de Servicios Públicos de California (California Public Utilities Commission, CPUC) para adquirir los recursos del sistema de agua de King's Mountain Park Mutual Water Company (King's Mountain).

The King's Mountain system, which is adjacent to Cal Water's Bear Gulch District, currently serves 23 residential connections near Skyline Boulevard in the Bay Area. Because residents must voluntarily maintain system operations, the State Water Resources Control Board's Division of Drinking Water has supported the transfer of the smaller utility to Cal Water. Cal Water and King's Mountain first signed their purchase agreement in July 2022, and the transfer remains subject to satisfaction of customary closing conditions.

“We appreciate the CPUC's review of our application to acquire the King's Mountain water system, which enables us to move one step closer to providing an ongoing, reliable supply of safe, clean water to its residents,” said Martin A. Kropelnicki, Group President and CEO.

Este comunicado de prensa incluye declaraciones prospectivas en concordancia con lo establecido por la Ley de Reforma de Litigios sobre Valores Privados de 1995 (la "Ley"). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the Act. Forward-looking statements are based on currently available information, expectations, estimates, assumptions and projections, and management's judgment about the Company, the water utility industry and general economic conditions. Tales palabras como podría, espera, pretende, planea, cree, estima, asume, anticipa, proyecta, predice, pronostica o variaciones de dichas palabras o expresiones similares tienen la intención de identificar a las declaraciones prospectivas. Las declaraciones prospectivas no son garantías de acciones futuras. Las mismas están sujetas a los cambios e incertidumbre de las circunstancias. Los resultados reales pueden variar materialmente del contenido de las declaraciones prospectivas. Factors that may cause a result different than expected or anticipated include, but are not limited to: ability to close the acquisition of King's Mountain, integrate the businesses, and operate the King's Mountain system in an effective and accretive manner; natural disasters, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the outbreak of coronavirus (or COVID‐19); governmental and regulatory commissions' decisions, including decisions on proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions' policies and procedures; the timeliness of regulatory commissions' actions concerning rate relief and other actions; changes in water quality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customer growth trends; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with unions; changes in customer water use patterns and the effects of conservation; the impact of weather, climate, natural disasters, and diseases on water quality, water availability, water sales and operating results, and the adequacy of our emergency preparedness; and, other risks and unforeseen events. Al considerar las declaraciones prospectivas, usted debe tener en cuenta las declaraciones preventivas que se incluyen en este párrafo, al igual que el informe anual 10-K, el informe trimestral 10-Q y otros informes presentados ocasionalmente ante la Comisión de Valores y Bolsa (SEC, siglas en inglés). La Compañía no asume ninguna obligación de proporcionar actualizaciones de las declaraciones prospectivas por medios públicos.