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July 03, 2015 12:01 AM ET

Water Utilities

Company Overview of California American Water Company

Company Overview

California American Water Company supplies drinking water; and treats and releases wastewater. It serves customers in Coronado, Larkfield, Monterey, Rosemead, Sacramento, and Ventura. The company was incorporated in 1965 and is headquartered in Coronado, California. California American Water Company operates as a subsidiary of American Water Works Company, Inc.

1033 B Avenue

Suite 200

Coronado, CA 92118

United States

Founded in 1965

Phone:

619-522-6360

Fax:

619-435-7434

Key Executives for California American Water Company

Chief Executive Officer
Age: 65
Finance Director
President of Regulated Operations of American Water Works Company Inc
Age: 52
Vice President of Legal
Director of Network Services
Compensation as of Fiscal Year 2015.

California American Water Company Key Developments

California American Water and CEMEX Reach Agreement for Access to Proposed Test-Well Site

California American Water and CEMEX have entered into an agreement that will clear the way for California American Water to access CEMEX's property for a test well. The agreement allows the water company access to portions of the cement producer's property in North Marina where intake wells for the Monterey Peninsula Water Supply Project seawater desalination facility are planned. The agreement allows California American Water to drill and operate a test well on the CEMEX site and, if the results are positive, to later purchase the permanent easements needed to construct and operate intake wells. The agreement comes after months of extended talks between the two parties over the precise location of the test well and the terms of an agreement. California American Water has been ordered to reduce its diversions from the area's primary source of water, the Carmel River, by the California State Water Resources Control Board, which has issued a stringent cutback schedule on withdrawals from the river.

California American Water Awards $1 Million State Grant for Desalination Test Well

California American Water's desalination test well project has been selected to receive a $1-million Proposition 50 grant by the California Department of Water Resources. The grant will help pay for the installation of an approximately $4 million slant test well, which is intended to prove the viability of beach wells as feed-water for the company's Monterey Peninsula Water Supply Project. One million dollars is the maximum award for which the test well project was eligible.

California American Water Reaches Settlement in the Monterey Peninsula Water Supply Project

California American Water has reached formal settlements with various parties regarding its proposed water supply project, taking a significant step closer to finally bringing a stable water supply to the Monterey Peninsula. The settlements were filed with the California Public Utilities Commission and involved 15 different intervening parties to the proceeding. Agreements were reached on a range of issues from desalination plant size to costs and financing. The settlement agreement recognizes the value of the portfolio approach to the water supply problem (aquifer storage and recovery, groundwater replenishment and a desalination plant) which is awaiting the CPUC's issuance of the final environmental impact report scheduled for June 2014. Key issues addressed in the settlements are as follows: Criteria the CPUC should employ to determine when and if to move forward with the Ground Water Replenishment component of the project. The development of a hydro geological study and technical report on pumping from proposed slant wells to guide California American Water's use of source water. Project costs, including cost recovery for capital, operation and maintenance costs. Contingency plans for desalination facility intake, discharge and plant location. Various financing mechanisms designed to lower the cost of water from the project. Determination of the needed plant size to serve customers. The sizing takes into consideration the region's demand plus allocations for growth, including development on lots of record, among other factors.

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