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California Water Service completes acquisition of Palm Mutual Water Company, expanding Bakersfield District service.

Company Fundamentals
01 Jul 2026
GlobeNewsWire
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Bullish
pluang ai news

California Water Service (Cal Water) has finalized its acquisition of Palm Mutual Water Company, approved by the California Public Utilities Commission in December 2025. The Palm Mutual system serves about 250 residents near Bakersfield and will now be integrated into Cal Water’s Bakersfield District. Cal Water plans to upgrade the water infrastructure to improve quality and reliability for these customers. This acquisition expands Cal Water’s service footprint and supports its mission to provide safe, reliable water to more communities in California.

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