California American Water Enters Contract to Purchase Hillview Water Company

California American Water looks to begin ownership in 2018

SACRAMENTO, Calif.–(BUSINESS WIRE)–California American Water has entered into a Purchase Agreement to
acquire the operating assets of Hillview Water Company and assume the
provision of water service within the Hillview Water Company service
area between Oakhurst and Raymond, Calif.

Hillview Water Company, which consists of approximately 1,500 metered
customer connections, is located 67 miles from California American
Water’s Meadowbrook service area in Merced, Calif. The purchase of the
system in combination with the Meadowbrook service area will double
California American Water’s customer base in the Central Valley to more
than 3,100 customers.

California American Water currently supplies water service to nearly
600,000 Californians, about one-third of which are in the Central
Valley. Hillview Water Company customers will be served by the company’s
water treatment and distribution operators who are experts in their
fields and are certified through the California Division of Drinking
Water.

As part of the acquisition, Hillview Water Company customers will have
access to California American Water’s customer-friendly services such as
a low-income discount program and web self-service that includes
paperless billing. California American Water also provides conservation
programs designed to help customers cut water use and features free
conservation tools as well as free water-wise house calls.

“As a result of this acquisition, many of the Hillview Water Company
customers will have access to our various services such as our ambitious
conservation program, paperless billing and web self-service portal,”
said Audie Foster, Director of Northern California Operations for
California American Water. “I am looking forward to meeting our new
customers from Hillview Water Company and welcoming them to our
services.”

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 6,800 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]