California American Water Signs Agreement to Purchase Yerba Buena Water Company’s Assets

LOS ANGELES--(BUSINESS WIRE)-- California American Water has entered into an agreement to acquire Yerba Buena Water Company’s water distribution system, which serves approximately 249 customer connections in unincorporated Ventura County. The Yerba Buena water system is located approximately 34 miles from California American Water’s Ventura District operations center in Newbury Park, California.

“We are looking forward to being the new water provider to Yerba Buena’s customers,” said California American Water President Kevin Tilden. “Our talented team of experienced experts will support customers with robust conservation programs, a 24-hour emergency call center, ratepayer assistance programs as well as many other benefits in the coming years.”

California American Water serves approximately 28,000 customer connections in the Ventura County communities of Thousand Oaks, Newbury Park, Camarillo, El Rio and Piru.

“When we made the decision to sell, we wanted to ensure the operations were handed over to an outfit that could provide the same great level of service our customers have come to expect,” said Richard Morris, Chairman of the Board of Directors of Yerba Buena Water Company. “We are confident that we have found that company in California American Water.”

About American Water

American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About California American Water

California American Water, a subsidiary of American Water, provides high-quality and reliable water and wastewater services to approximately 700,000 people. For more information, visit www.californiaamwater.com and follow California American Water on LinkedIn, Facebook, X, and Instagram.

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Media

Evan Jacobs

Senior Director, Business Development, Communications & External Affairs

California American Water

Evan.Jacobs@amwater.com

Source: California American Water