- California Water Service's (NYSE:CWT) unit New Mexico Water Service will acquire the assets of Monterey Water, a water utility in Valencia County, New Mexico.
- As part of the purchase, New Mexico Water will own and operate the water system, which currently serves 380 residential customers.
- The Monterey Water service area is less than a half-mile from New Mexico Water's Rio Del Oro water system and will become part of the Rio Del Oro service area.
- The acquisition also includes about 100 undeveloped lots that may be served in the future.
California Water Service unit to acquire Monterey Water in New Mexico
Recommended For You
About CWT Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CWT | - | - |
California Water Service Group |