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California Water Service unit to acquire Monterey Water in New Mexico

  • 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.

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