Hawaii Water Service Enters Into Agreement With KCSI to Acquire Keauhou Wastewater System on Big Island

MarketScreener
by Yvonne Kingman –

Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has entered into an agreement with Keauhou Community Services, Inc. (KCSI) to acquire its wastewater system assets and provide wastewater utility service to its customers in Keauhou on the island of Hawaii. The purchase is subject to due diligence and approval by the Hawaii Public Utilities Commission.

KCSI serves more than 1,500 residential, hotel, and commercial customers, along with the Keauhou Bay Facility and Kahaluu Beach Park, and provides effluent to Kona Country Club, Inc. for golf course irrigation. Hawaii Water has already been operating the Keauhou system since 2018 through an operation and maintenance contract. The utility will continue to invest in local wastewater system infrastructure to keep service reliable for customers and protect the environment.

“We appreciate KCSI’s confidence and trust in us to continue providing reliable, high-quality service to its Keauhou customers,” said Martin A. Kropelnicki, Group President and CEO. “We look forward to providing Keauhou residents, businesses, and visitors the same quality, service, and value all of our customers on the islands have come to expect and deserve, both now and for generations to come.”

Hawaii Water provides water and wastewater service to many communities located on Maui, Oahu, and the Big Island of Hawaii. Hawaii Water is a wholly owned subsidiary of California Water Service Group, which also includes California Water Service, Washington Water Service, New Mexico Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies provide regulated and non-regulated utility service to more than 2 million people in over 100 California, Washington, New Mexico, and Hawaii communities. Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

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