{"id":740031,"date":"2023-03-14T16:25:42","date_gmt":"2023-03-14T20:25:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/"},"modified":"2023-03-14T16:25:42","modified_gmt":"2023-03-14T20:25:42","slug":"washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/","title":{"rendered":"Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association"},"content":{"rendered":"<div class=\"mw_release\">\n<p>GIG HARBOR, Wash., March  14, 2023  (GLOBE NEWSWIRE) &#8212; Following approval by the Washington Utilities and Transportation Commission (WUTC) in February 2023, Washington Water Service (Washington Water)\u2014a subsidiary of California Water Service Group (Group)\u2014has closed the acquisition of Bethel Greenacres Water Association\u2019s water system assets.<\/p>\n<p>The Bethel Greenacres system includes 200 residential customer connections in Graham, Wash., adjacent to Washington Water\u2019s East Pierce system. Washington Water has been serving Bethel Greenacres customers through an operation and maintenance agreement since September 2022. The utility plans to continue investing in the Bethel Greenacres system to support the provision of safe, reliable water service to its customers for their everyday and emergency needs, both now and in the future.<\/p>\n<p>\u201cWe appreciate working with the Bethel Greenacres team and WUTC to complete this transfer, and we are pleased to officially welcome Bethel Greenacres customers to the Washington Water family,\u201d said Martin A. Kropelnicki, Group President and Chief Executive Officer. \u201cWe look forward to the opportunity to provide Bethel Greenacres residents high-quality water, excellent service, and significant value; it\u2019s in our promise: quality, service, and value.\u201d\u00a0<\/p>\n<p>\n        <strong>About Washington Water Service and California Water Service Group<br \/><\/strong>Washington Water Service provides high-quality, reliable water utility service to 37,500 customer connections in Clallam, Jefferson, Kitsap, Mason, Pierce, King, San Juan, and Thurston counties, as well as wastewater service on Orcas Island. It is a subsidiary of California Water Service Group (NYSE: CWT), the largest regulated water utility in the western United States. In total, Group serves more than 2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, Texas Water Service.\u00a0<\/p>\n<p>What sets Washington Water and Group apart is their commitment to enhancing the quality of life for their customers, communities, employees, and stockholders.\u00a0Guided daily by their promise to provide quality, service, and value, the company\u2019s employees lead the way in working to protect the planet, care for people, and operate with the utmost integrity.\u00a0Integral to their strategy is investing responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being.\u00a0 The company has been named one of \u201cAmerica\u2019s Most Responsible Companies\u201d by <em>Newsweek<\/em> and a Great Place to Work\u00ae.\u00a0 More information is available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WtzcA2xZukoNeMXaZrDpT261OWeaEICInH5vKoZoTvwdTIWF7A2ZK9kHaCzLwEeQx3hLzD7UeIqlHMm_NvpOfg==\" rel=\"nofollow noopener\" target=\"_blank\">www.wawater.com<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Sz_HrC1S4VOTmOUVLP_j-BSzia3ue0uK1u63CA3f03H1YdekSI5kbngWTXgFsz14pMSXDKPv9ZZok-UHIswFI5ExdeHAwlg_bCiVRIsA7LM=\" rel=\"nofollow noopener\" target=\"_blank\">www.calwatergroup.com<\/a>.<\/p>\n<p>\n        <em>This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (&#8220;Act&#8221;). The forward-looking statements are intended to qualify under provisions of the federal securities laws for &#8220;safe harbor&#8221; treatment established by the Act. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and management&#8217;s beliefs, assumptions, judgments, and expectations about\u00a0Group and its subsidiaries, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our document, statements that are not historical in nature, including words like promise, commitment, strategy, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, predicts, forecasts, targets, seeks, should, or variations of such words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that Group believes are reasonable but are subject to uncertainty and changes in circumstances. Actual results may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results to be different than those expected or anticipated include, but are not limited to: ability\u00a0to integrate the business and\u00a0operate the\u00a0Bethel Greenacres<\/em><br \/>\n        <em>\u00a0system\u00a0<\/em><br \/>\n        <em>in an effective and accretive manner; natural disasters, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the outbreak of coronavirus (or COVID\u201019);\u00a0governmental and regulatory commissions&#8217; decisions, including decisions on proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions&#8217; policies and procedures; the timeliness of regulatory commissions&#8217; actions concerning rate relief and other actions; changes in water quality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customer growth trends; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with unions; changes in customer water use patterns and the effects of conservation; the impact of weather, climate, natural disasters, and diseases on water quality, water availability, water sales and operating results, and the adequacy of our emergency preparedness; and\u00a0other risks and unforeseen events. When considering forward-looking statements, you should keep in mind the cautionary statements included in this paragraph, as well as the Annual 10-K, Quarterly 10-Q, and other reports filed\u00a0by Group\u00a0from time-to-time with the Securities and Exchange Commission (SEC).\u00a0Group is under no obligation, and\u00a0assumes no obligation, to provide public updates of forward-looking statements, whether as a result of new information, future events, or otherwise.<\/em>\n      <\/p>\n<p>Contact: Yvonne Kingman, (310) 257-1434<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc4ODI1NyM1NDYxOTE1IzIwMTAzNDI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/N2I0ZGZlMmItNjNmNC00ZDNiLTg1NDQtMDJiYWRlZGExN2FjLTEwMjE5MTU=\/tiny\/California-Water-Service-Group.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GIG HARBOR, Wash., March 14, 2023 (GLOBE NEWSWIRE) &#8212; Following approval by the Washington Utilities and Transportation Commission (WUTC) in February 2023, Washington Water Service (Washington Water)\u2014a subsidiary of California Water Service Group (Group)\u2014has closed the acquisition of Bethel Greenacres Water Association\u2019s water system assets. The Bethel Greenacres system includes 200 residential customer connections in Graham, Wash., adjacent to Washington Water\u2019s East Pierce system. Washington Water has been serving Bethel Greenacres customers through an operation and maintenance agreement since September 2022. The utility plans to continue investing in the Bethel Greenacres system to support the provision of safe, reliable water service to its customers for their everyday and emergency needs, both now and in the future. \u201cWe appreciate working with &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-740031","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GIG HARBOR, Wash., March 14, 2023 (GLOBE NEWSWIRE) &#8212; Following approval by the Washington Utilities and Transportation Commission (WUTC) in February 2023, Washington Water Service (Washington Water)\u2014a subsidiary of California Water Service Group (Group)\u2014has closed the acquisition of Bethel Greenacres Water Association\u2019s water system assets. The Bethel Greenacres system includes 200 residential customer connections in Graham, Wash., adjacent to Washington Water\u2019s East Pierce system. Washington Water has been serving Bethel Greenacres customers through an operation and maintenance agreement since September 2022. The utility plans to continue investing in the Bethel Greenacres system to support the provision of safe, reliable water service to its customers for their everyday and emergency needs, both now and in the future. \u201cWe appreciate working with &hellip; Continue reading &quot;Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-14T20:25:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc4ODI1NyM1NDYxOTE1IzIwMTAzNDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association\",\"datePublished\":\"2023-03-14T20:25:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\\\/\"},\"wordCount\":881,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODc4ODI1NyM1NDYxOTE1IzIwMTAzNDI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\\\/\",\"name\":\"Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association - 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The utility plans to continue investing in the Bethel Greenacres system to support the provision of safe, reliable water service to its customers for their everyday and emergency needs, both now and in the future. \u201cWe appreciate working with &hellip; Continue reading \"Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-14T20:25:42+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc4ODI1NyM1NDYxOTE1IzIwMTAzNDI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association","datePublished":"2023-03-14T20:25:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/"},"wordCount":881,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc4ODI1NyM1NDYxOTE1IzIwMTAzNDI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/washington-water-service-finalizes-acquisition-of-bethel-greenacres-water-association\/","name":"Washington Water Service Finalizes Acquisition of\u00a0Bethel Greenacres Water Association - 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