<p>加利福尼亚州圣荷西，2025 年 12 月 11 日（GLOBE NEWSWIRE）——为了长期为 Palm Mutual Water 公司（Palm Mutual）客户提供安全、可靠的水，加利福尼亚水务公司（California Water Service，简称 Cal Water）已获得加利福尼亚公共事业委员会（CPUC）对其收购 Palm Mutual 的批准。Cal Water 是加利福尼亚水务集团（NYSE: CWT）最大的子公司。</p>
<p>Palm Mutual 位于 Cal Water 东北贝克斯菲尔德处理厂两英里处，目前服务 63 个住宅客户。由于 Palm Mutual 不拥有或运营自己的水源，Cal Water 通过主计量器互联为其提供服务。Cal Water 计划逐步升级系统基础设施，以帮助为 Palm Mutual 客户提供稳定和高质量的服务。</p>
<p>“我们感谢 CPUC 以及州水资源控制委员会饮用水部的努力，帮助为 Palm Mutual 的客户长期提供安全、可靠的水，” Cal Water 董事长兼首席执行官马丁·A·克罗佩尔尼基（Martin A. Kropelnicki）表示。“我们期待完成最后步骤，完成收购，并正式欢迎 Palm Mutual 的客户加入 Cal Water 大家庭。”</p>
<p>当收购完成后，Palm Mutual 的客户将由 Cal Water 的贝克斯菲尔德区提供服务。贝克斯菲尔德区目前通过大约 120,000 个服务连接为约 445,600 人提供安全、清洁、可靠的水，同时还运营贝克斯菲尔德市的供水系统。此次收购仍需满足惯常的交割条件，预计将在 2026 年第一季度完成。</p>
<p><strong>关于加利福尼亚水务公司</strong></p>
<p>加利福尼亚水务公司通过 499,400 个服务连接为全州超过 210 万人提供高质量、可靠的水务服务。Cal Water 的宗旨是提升客户和社区的生活质量。为此，它在水和废水基础设施、可持续发展倡议和社区福祉方面进行负责任的投资。公司的 1200 名员工秉持一套强大的核心价值观，并致力于保护地球、关爱人群和以最高的诚信运营。该公用事业公司被《新闻周刊》评选为 “美国最负责任的公司” 之一，以及 “全球最值得信赖的公司” 之一，还是美国最佳工作场所和优秀工作场所®。更多信息请访问 www.calwater.com。</p>
<p><em>本新闻稿包含根据 1995 年私人证券诉讼改革法案（PSLRA）所定义的前瞻性声明。前瞻性声明旨在根据 PSLRA 所建立的联邦证券法的 “安全港” 条款进行资格认定。本新闻稿中的前瞻性声明基于当前可用的信息、预期、估计、假设和预测，以及我们管理层对我们、水务行业和一般经济状况的信念、假设、判断和预期。这些声明不是历史事实。当在我们的文件中使用时，非历史性质的声明，包括像 will、would、expects、intends、plans、believes、may、could、estimates、assumes、anticipates、projects、progress、predicts、hopes、targets、forecasts、should、seeks、commits 或这些词或类似表达的变体，旨在识别前瞻性声明。本新闻稿中的前瞻性声明示例包括但不限于描述 Cal Water 对完成 Palm Mutual 收购的预期以及在 Palm Mutual 水系统中运营和投资的声明。前瞻性声明并不保证未来的表现。它们基于我们认为合理的众多假设，但面临广泛的不确定性和商业风险。因此，实际结果或结果可能与前瞻性声明中所包含的内容有重大差异。可能导致实际结果或结果与预期或预期不同的因素包括但不限于我们满足 Palm Mutual 收购的交割条件的能力，以及有效和增值地整合业务和运营 Palm Mutual 水系统的能力，以及在我们最近的 10-K 表格年度报告、后续的 10-Q 表格季度报告和其他证券交易委员会文件中描述的 “风险因素” 部分及其他部分。鉴于这些风险、不确定性和假设，投资者被提醒不要对前瞻性声明过度依赖，这些声明仅在本新闻稿日期有效。我们没有任何义务，并明确声明不承担更新或更改任何前瞻性声明的义务，无论是由于新信息、未来事件还是其他原因。</em></p>
<p>联系人：伊冯娜·金曼，310-257-1434</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd01URXlNU00zTXpFNE5qYzJJekl3TVRBek5EST0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd01URXlNU00zTXpFNE5qYzJJekl3TVRBek5EST0"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/YjM4Nzc0NWUtNzllNy00MGJjLWE1ZjEtMzM3MDZjMWM4MmVkLTEwMjE5MTUtMjAyNS0xMi0xMS1lbg==/tiny/California-Water-Service-Group.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/YjM4Nzc0NWUtNzllNy00MGJjLWE1ZjEtMzM3MDZjMWM4MmVkLTEwMjE5MTUtMjAyNS0xMi0xMS1lbg==/tiny/California-Water-Service-Group.png"/></p>

加利福尼亚水务

<p>加利福尼亚水务（Cal Water）已获得加利福尼亚公共事业委员会的批准，收购 Palm Mutual Water Company。此次收购旨在为 Palm Mutual 的 63 名居民客户提供安全、可靠的水源。Cal Water 计划升级基础设施，并将 Palm Mutual 整合到其贝克斯菲尔德区。该收购预计将在 2026 年第一季度完成，需满足常规条件</p>

<p>SAN JOSE, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- In another step toward providing safe, reliable water to Palm Mutual Water company (Palm Mutual) customers long-term, California Water Service (Cal Water) has received California Public Utilities Commission (CPUC) approval of its pending acquisition of Palm Mutual. Cal Water is the largest subsidiary of California Water Service Group (NYSE: CWT).</p>
<div class="lb-trans"><p>加利福尼亚州圣荷西，2025 年 12 月 11 日（GLOBE NEWSWIRE）——为了长期为 Palm Mutual Water 公司（Palm Mutual）客户提供安全、可靠的水，加利福尼亚水务公司（California Water Service，简称 Cal Water）已获得加利福尼亚公共事业委员会（CPUC）对其收购 Palm Mutual 的批准。Cal Water 是加利福尼亚水务集团（NYSE: CWT）最大的子公司。</p>
</div><p>Palm Mutual, located two miles from Cal Water’s Northeast Bakersfield Treatment Plant, currently serves 63 residential customers. Cal Water already serves Palm Mutual through a master meter interconnection, since the latter does not own or operate its own sources of supply. Cal Water intends to upgrade the system’s infrastructure over time to help provide consistent and high-quality operations to Palm Mutual customers.</p>
<div class="lb-trans"><p>Palm Mutual 位于 Cal Water 东北贝克斯菲尔德处理厂两英里处，目前服务 63 个住宅客户。由于 Palm Mutual 不拥有或运营自己的水源，Cal Water 通过主计量器互联为其提供服务。Cal Water 计划逐步升级系统基础设施，以帮助为 Palm Mutual 客户提供稳定和高质量的服务。</p>
</div><p>“We appreciate the CPUC, along with the State Water Resources Control Board’s Division of Drinking Water, for their diligence and efforts to help provide safe, reliable water to Palm Mutual’s customers long-term,” said Martin A. Kropelnicki, Cal Water Chairman and Chief Executive Officer. “We look forward to working through the final steps, completing the acquisition, and officially welcoming Palm Mutual’s customers to the Cal Water family.”</p>
<div class="lb-trans"><p>“我们感谢 CPUC 以及州水资源控制委员会饮用水部的努力，帮助为 Palm Mutual 的客户长期提供安全、可靠的水，” Cal Water 董事长兼首席执行官马丁·A·克罗佩尔尼基（Martin A. Kropelnicki）表示。“我们期待完成最后步骤，完成收购，并正式欢迎 Palm Mutual 的客户加入 Cal Water 大家庭。”</p>
</div><p>When the acquisition is finalized, Palm Mutual customers will be served by Cal Water’s Bakersfield District. The Bakersfield District provides safe, clean, reliable water to about 445,600 people currently through approximately 120,000 service connections in its system along with the City of Bakersfield water system, which it operates. The purchase remains subject to customary closing conditions and is expected to close in the first quarter of 2026.</p>
<div class="lb-trans"><p>当收购完成后，Palm Mutual 的客户将由 Cal Water 的贝克斯菲尔德区提供服务。贝克斯菲尔德区目前通过大约 120,000 个服务连接为约 445,600 人提供安全、清洁、可靠的水，同时还运营贝克斯菲尔德市的供水系统。此次收购仍需满足惯常的交割条件，预计将在 2026 年第一季度完成。</p>
</div><p><strong>About California Water Service</strong></p>
<div class="lb-trans"><p><strong>关于加利福尼亚水务公司</strong></p>
</div><p>California Water Service provides high-quality, reliable water utility services to more than 2.1 million people statewide through 499,400 service connections. Cal Water’s purpose is to enhance the quality of life for customers and communities. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s 1,200 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The utility has been named one of “America’s Most Responsible Companies” and one of the “World’s Most Trustworthy Companies” by <em>Newsweek</em>, a USA Top Workplace, and a Great Place to Work®. More information is available at www.calwater.com.</p>
<div class="lb-trans"><p>加利福尼亚水务公司通过 499,400 个服务连接为全州超过 210 万人提供高质量、可靠的水务服务。Cal Water 的宗旨是提升客户和社区的生活质量。为此，它在水和废水基础设施、可持续发展倡议和社区福祉方面进行负责任的投资。公司的 1200 名员工秉持一套强大的核心价值观，并致力于保护地球、关爱人群和以最高的诚信运营。该公用事业公司被《新闻周刊》评选为 “美国最负责任的公司” 之一，以及 “全球最值得信赖的公司” 之一，还是美国最佳工作场所和优秀工作场所®。更多信息请访问 www.calwater.com。</p>
</div><p><em>This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (PSLRA). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management's beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks, commits or variations of these words or similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing Cal Water’s expectations for closing the Palm Mutual acquisition and operating and investing in the Palm Mutual water system. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include but are not limited to our ability to satisfy closing conditions for the Palm Mutual acquisition and integrate the business and operate the Palm Mutual water system in an effective and accretive manner as well as those described under the section titled “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.</em></p>
<div class="lb-trans"><p><em>本新闻稿包含根据 1995 年私人证券诉讼改革法案（PSLRA）所定义的前瞻性声明。前瞻性声明旨在根据 PSLRA 所建立的联邦证券法的 “安全港” 条款进行资格认定。本新闻稿中的前瞻性声明基于当前可用的信息、预期、估计、假设和预测，以及我们管理层对我们、水务行业和一般经济状况的信念、假设、判断和预期。这些声明不是历史事实。当在我们的文件中使用时，非历史性质的声明，包括像 will、would、expects、intends、plans、believes、may、could、estimates、assumes、anticipates、projects、progress、predicts、hopes、targets、forecasts、should、seeks、commits 或这些词或类似表达的变体，旨在识别前瞻性声明。本新闻稿中的前瞻性声明示例包括但不限于描述 Cal Water 对完成 Palm Mutual 收购的预期以及在 Palm Mutual 水系统中运营和投资的声明。前瞻性声明并不保证未来的表现。它们基于我们认为合理的众多假设，但面临广泛的不确定性和商业风险。因此，实际结果或结果可能与前瞻性声明中所包含的内容有重大差异。可能导致实际结果或结果与预期或预期不同的因素包括但不限于我们满足 Palm Mutual 收购的交割条件的能力，以及有效和增值地整合业务和运营 Palm Mutual 水系统的能力，以及在我们最近的 10-K 表格年度报告、后续的 10-Q 表格季度报告和其他证券交易委员会文件中描述的 “风险因素” 部分及其他部分。鉴于这些风险、不确定性和假设，投资者被提醒不要对前瞻性声明过度依赖，这些声明仅在本新闻稿日期有效。我们没有任何义务，并明确声明不承担更新或更改任何前瞻性声明的义务，无论是由于新信息、未来事件还是其他原因。</em></p>
</div><p>Contact: Yvonne Kingman, 310-257-1434</p>
<div class="lb-trans"><p>联系人：伊冯娜·金曼，310-257-1434</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd01URXlNU00zTXpFNE5qYzJJekl3TVRBek5EST0" alt="" original-src="https://www.globenewswire.com/newsroom/ti?nf=OTYwMTEyMSM3MzE4Njc2IzIwMTAzNDI="/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/YjM4Nzc0NWUtNzllNy00MGJjLWE1ZjEtMzM3MDZjMWM4MmVkLTEwMjE5MTUtMjAyNS0xMi0xMS1lbg==/tiny/California-Water-Service-Group.png" alt="" original-src="https://ml.globenewswire.com/media/YjM4Nzc0NWUtNzllNy00MGJjLWE1ZjEtMzM3MDZjMWM4MmVkLTEwMjE5MTUtMjAyNS0xMi0xMS1lbg==/tiny/California-Water-Service-Group.png"/></p>

加利福尼亚水务获得加州公共事业委员会批准收购 Palm Mutual 水公司 | CWT 股票新闻