California, August 20, 2025
News Summary
California American Water has completed its acquisition of the Bass Lake Water Company system, expanding its service area to nearly 1,000 customers in the Bass Lake region. This acquisition, approved by the California Public Utilities Commission, is set to take effect on August 19, enhancing customer access to high-quality water services and infrastructure improvements. With ongoing growth strategies, California American Water aims to provide reliable service and has added over 13,000 customers across various acquisitions since 2020.
California
California American Water has completed the acquisition of the Bass Lake Water Company system, significantly expanding its service area to include approximately 1,000 customers in the Bass Lake region. This acquisition was previously approved by the California Public Utilities Commission and will officially take effect on August 19, 2025.
Kevin Tilden, the President of California American Water, expressed enthusiasm about the opportunity to deliver high-quality water services to the new customer base. As part of the transition, residents will receive comprehensive information through the mail to facilitate a smooth changeover to California American Water’s services.
The acquisition provides Bass Lake customers with access to California American Water’s online account management portal, known as MyWater, enabling them to manage their accounts more efficiently. Steve Wetch, the President of Bass Lake Water Company, highlighted the importance of the deal in securing the necessary expertise for the operation of the new water treatment plant and the implementation of required infrastructure improvements.
This transaction marks California American Water’s eighth acquisition in the last five years. Since 2020, the company has successfully added over 13,000 water and wastewater customers through various acquisitions, demonstrating a strong growth strategy focused on enhancing water service infrastructure across the state.
California American Water operates as a subsidiary of American Water, the largest regulated water and wastewater utility company in the United States, serving more than 14 million people across 14 states and 18 military installations. In California alone, California American Water currently provides services to around 700,000 individuals.
American Water enjoys a robust market capitalization of $29.35 billion and has a consistent dividend payment history spanning 18 years, further solidifying its position in the water utility sector. Through this acquisition and its ongoing enhancement efforts, California American Water aims to ensure reliable and efficient water services for its expanding customer base.
Background Context
California American Water’s acquisition strategies underscore its commitment to growth and infrastructure improvements. The firm has been reinvesting in its service areas with the goal of providing residents with access to high-quality water resources. The Bass Lake Water Company acquisition not only amplifies its customer base but also aligns with broader initiatives to upgrade water management systems statewide, improving service delivery and reliability in the long run.
Frequently Asked Questions (FAQs)
What is the significance of California American Water acquiring Bass Lake Water Company?
This acquisition allows California American Water to expand its service area by approximately 1,000 customers in the Bass Lake region, enhancing its commitment to provide high-quality water services and improving existing infrastructure.
When will the transition to California American Water take place for Bass Lake customers?
The transition of services will begin on August 19, 2025, following comprehensive communications to ensure a smooth changeover.
How many customers has California American Water acquired in the last five years?
California American Water has acquired over 13,000 water and wastewater customers through eight acquisitions in the past five years.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquisition Date | Completed |
| New Customers | 1,000 in Bass Lake area |
| CPUC Approval | Yes |
| Transition Start Date | August 19, 2025 |
| Access to MyWater Portal | Yes |
| Parent Company | American Water |
Deeper Dive: News & Info About This Topic
- Investing.com: California American Water Completes Acquisition of Bass Lake Water Company
- MarketScreener: American Water Works Subsidiary Completes Acquisition of Bass Lake Water System
- GuruFocus: California American Water Completes Acquisition of Bass Lake Water Company
- Wikipedia: Bass Lake (California)
- Google Search: California American Water Bass Lake
Author: STAFF HERE BEVERLY HILLS WRITER
The Beverly Hills Staff Writer represents the experienced team at HEREBeverlyHills.com, your go-to source for actionable local news and information in Beverly Hills, Los Angeles County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Rodeo Drive Concours d'Elegance, the Beverly Hills artSHOW, Concerts on Canon, and holiday celebrations throughout the city. Our coverage extends to key organizations like the Beverly Hills Chamber of Commerce and Visit Beverly Hills, plus leading businesses in luxury fashion, hospitality, and entertainment that drive the local economy. As part of the broader HERE network, including HERELosAngeles.com, HERESantaAna.com, HEREHuntingtonBeach.com, and HERECostaMesa.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
