Acuerdo firmado para adquirir Gunner Ranch West Wastewater System

NoticiasCal Water today announced that it has entered into an agreement to acquire the wastewater system assets of Gunner Ranch Inc., which currently serves a large section of southern Madera County including Valley Children's Hospital. At buildout, the new Gunner Ranch West wastewater system will also serve a new development area including a planned 2,840 residential units, along with 2 million square feet of commercial and other medical facilities. The purchase is subject to customary closing conditions, and the transaction is expected to close by early 2021.

Subject to the fulfillment of conditions to closing of the agreement, Cal Water expects to provide wastewater service to Valley Children's Hospital beginning in 2021 and the Gunner Ranch West new development service area once the California Public Utilities Commission has approved Cal Water's request to serve the area.

"We are pleased to expand our footprint in the growing Madera County region and appreciate Gunner Ranch Inc.'s confidence in our expertise," said Marty Kropelnicki, Cal Water President and CEO. "We also look forward to providing the safe, reliable wastewater service our community members need for their everyday and emergency needs."

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"). Tales declaraciones intentan tener la protección de lo dispuesto por las leyes de valores federales para los principios de "puerto seguro" establecidos por esta Ley. Dichas declaraciones se basan en información actualmente disponible, expectativas, estimaciones, presunciones y proyecciones y criterios de manejo sobre la Compañía, la industria de servicios públicos del agua y las condiciones económicas generales. 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 complete the acquisition and ability to operate the Gunner Ranch wastewater system in an accretive manner; natural disasters, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the recent 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.