California American Water Acquires Oxbow Marina Mutual Water Company

California American Water assumes ownership and operations of the Oxbow
Marina Mutual Water Company on July 18, 2017

SACRAMENTO, Calif.–(BUSINESS WIRE)–California American Water today announced the closing of its acquisition
of the Oxbow Marina Mutual Water Company in Sacramento. Under the terms
of an agreement approved by the California Public Utilities Commission,
California American Water will be providing its newly welcomed customers
with state-regulated potable water service beginning July 18, 2017. The
Oxbow Marina system is located one mile from the Sacramento District’s
Isleton system.

Oxbow Marina, a large deluxe marina with boat slips and waterfront
homes, is located on Georgiana Slough, which is a scenic waterway
connecting the Sacramento River to the Mokelumne River near Walnut Grove
and Highway 12. Historic difficulty complying with state and federal
water standards has placed Oxbow under a requirement to upgrade its
antiquated water system. The system will now be connected to California
American Water’s system to improve drinking water quality and provide
greater system reliability.

“Oxbow Mutual Marina Water Company looks forward to working with
California American Water to provide our customers an improved water
source with the planned pipeline connection to their excellent water
filtration plant in Isleton,” said Kimberly Korth, president of the
Oxbow Marina Mutual Water Company and co-owner of Oxbow Marina.

Oxbow’s historic water supply exceeded state and federal maximum
contaminate levels for arsenic. California American Water, Oxbow, and
the California State Water Resources Control Board Division of Financial
Assistance worked together to complete grant-funded improvements that
tie the Oxbow water system to California American Water’s Isleton
system. Now that the systems are connected, water treated at California
American Water’s Isleton arsenic treatment plant will become Oxbow’s new
potable source.

“California American Water looks forward to welcoming our new Oxbow
customers and introducing them to our conservation programs including
rebates, free services and devices. This is truly a win-win as the new
customers will enjoy improved water quality,” said Director of Northern
California Operations Audie Foster. “We are currently working to ensure
a seamless transition to provide our new customers with safe and
reliable water services at a reasonable rate.”

California American Water, a subsidiary of American Water (NYSE: AWK),
provides high-quality and reliable water and/or wastewater services to
more than 660,000 people.

With a history dating back to 1886, American Water is the largest and
most geographically diverse U.S. publicly-traded water and wastewater
utility company. The company employs more than 6,700 dedicated
professionals who provide regulated and market-based drinking water,
wastewater and other related services to an estimated 15 million people
in 47 states and Ontario, Canada. More information can be found by
visiting www.amwater.com.

Contacts

California American Water
Evan Jacobs, 916-568-4252
Mobile:
707-495-6135
[email protected]