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Stock impact report

California Water Service (CWT) Moves to Take Full Control of BVRT in Texas Expansion Push [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 January 8, California Water Service Group (NYSE:CWT), which already owns a majority stake in BVRT Utility Holding Company LLC (BVRT) through its subsidiary TWSC, Inc. (Texas Water), said it has agreed to buy the remaining ownership interests in BVRT. If completed, the deal would make the company the sole owner of BVRT's seven water and wastewater utility subsidiaries serving the Austin–San Antonio corridor. At the same time, BVRT has continued pushing further into Texas by pursuing new projects aimed at building and upgrading water and wastewater infrastructure across the region. Martin A. Kropelnicki, Group Chairman and CEO, made the following comment: “The BVRT team has been an excellent partner as, together, we've brought safe, reliable utility service to these dynamic, growing communities over the past five years. As we expand and enhance our investment, operations, and service in the region, we look forward to more fully integrating the BVRT team into Group and Texas Wate Show less Read more
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