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Stock impact report

California Water Service (CWT) Expands With Nexus Water Systems Deal [Yahoo! Finance]

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: Yahoo! Finance
On February 24, California Water Service Group (NYSE:CWT) announced an agreement to purchase Nexus Water Group's water and wastewater systems in Nevada and Oregon. The deal will add about 36,000 equivalent residential connections and a combined rate base of roughly $109 million as of December 31, 2025. Chairman and Chief Executive Officer Martin A. Kropelnicki described the acquisition as an important step for the company as it enters a milestone year. He made the following comment: “This is a great way to kick off our centennial year. We started out serving four small California communities in 1926, and with this acquisition, we will serve roughly two million people through approximately 584,000 service connections in seven western states. We look forward to completing the transaction and integrating the systems in a way that provides opportunities for employees and excellent service to customers.” Kropelnicki said the purchase price is about $218 million, subject to standard Show less Read more
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