SJW Group (NYSE: SJW) and Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that both companies’ boards of directors have unanimously approved a definitive agreement to combine through a merger of equals to create the 3rd largest investor-owned water and wastewater utility in the United States, based on pro forma enterprise value and combined rate base.
State representatives Margaret O’Neil of Saco and Martin Grohman of Biddeford have agreed to participate in a community advisory committee organized by Maine Water.
The board of directors of Connecticut Water Service Inc. (CTWS or the company) announced today that David C. Benoit has been named president and CEO of the company effective immediately. Benoit has served as interim president and CEO since Sept. 28, 2017. Richard Knowlton will continue as president of the company’s Maine operating subsidiary, Maine Water Company.
Maine Water is pleased to announce the results of its most recent customer satisfaction survey once again reached world class levels. An independent survey company, Great Blue Research, contacted over 600 customers in all ten divisions of Maine Water, and found an overall customer satisfaction index of 92.9%. Results over 85% are considered world class service.
Maine Water Company today announced that it has received approval from the Maine Public Utilities Commission to recover more than $170,000 in investment in the Bucksport Division’s drinking water infrastructure through Maine’s Water Infrastructure Charge (WISC) program.
Maine Water Company today announced that it has received approval from the Maine Public Utilities Commission to recover more than $100,000 in investment in the Freeport Division’s drinking water infrastructure through Maine’s Water Infrastructure Charge (WISC) program.