California American Water to Acquire Fruitridge Vista Water Company
California American Water has entered into an agreement to acquire the operating assets of the Fruitridge Vista Water Company for $20.75 million.
Fruitridge Vista is a family owned Class B Water Utility in south Sacramento County and is regulated by the California Public Utilities Commission. Fruitridge Vista Water Company customers will be served by California American Water’s water treatment and distribution operators, who are certified through the California State Water Resources Control Board’s Division of Drinking Water.
“We are pleased to have entered into a contract and look forward to serving customers in the Fruitridge area,” said California American Water’s Director of Northern California Operations S. Audie Foster. “Our Parkway water system is just south of Fruitridge Vista so we know the area well. This acquisition will allow Fruitridge Vista customers to take advantage of our excellent conservation and customer service programs.”
Fruitridge Vista Water Company and California American Water Company will now seek approval for the sale from the CPUC.
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