California Water News Daily Your Source For Water News in California
Cal Water has signed an agreement to acquire the water system assets of Skylonda Mutual Water Company.
Cal Water would serve Skylonda’s 176 customers through it’s Bear Gulch District which currently serves about 60,900 people through 18,900 service connections in Portola Valley, Woodside, Atherton, and portions of Menlo Park, Redwood City, and San Mateo County.
Cal Water’s plan is to invest in Skylonda’s water system infrastructure, as the utility does for its other systems throughout the state, to ensure it remains safe and reliable for customers’ everyday needs and firefighters’ emergency needs.
“We are pleased to enter into this agreement with Skylonda Mutual Water Company and appreciate its confidence in our expertise to serve its customers,” said Marty Kropelnicki, Cal Water President and CEO. “Skylonda’s proximity to our Bear Gulch District will enable us to provide safe, reliable, high-quality water service to its customers efficiently, and we look forward to providing them the same quality, service, and value that all of our customers have come to expect and deserve.”
The purchase is subject to approval by the California Public Utilities Commission. The transaction is expected to close next year.
