(Article Last Updated 08/02/2011)
Water needs in the The town of Fountain Hills are priovided by the Chaparral City Water company which is a subsidiary of EPCOR USA. Previously, Chaparral was held by American States Water (NYSE : AWR.)
Chaparral City Water Co
Administrative Offices and Maintenance Warehouse
12021 North Panorama Drive
Fountain Hills, AZ 85268-4616
Phone: (480) 837-9522 (24 hours)
Fax: (480) 837-5310
Hearing Impaired TTY: (877)-933-9533
EPCOR USA COMPLETES ACQUISITION OF CHAPARRAL WATER COMPANY
June 1, 2011 - Phoenix, Arizona – EPCOR Water (USA) Inc. (EPCOR USA), a wholly-owned subsidiary of EPCOR Utilities Inc., has completed the acquisition of all outstanding shares of Chaparral City Water Company (Chaparral) of Fountain Hills, Arizona.
EPCOR USA entered into an agreement to acquire Chaparral from American States Water Company for U.S. $35 million, including the assumption of approximately U.S. $6 million in long-term debt on June 7, 2010. The Arizona Corporation Commission approved the transaction in a meeting held on March 30, 2011 and issued a final decision on April 7, 2011.
Chaparral is principally engaged in the purchase, treatment, distribution, and sale of water to about 13,000 customers in the Town of Fountain Hills and in a small portion of Scottsdale, Arizona.
“It’s been almost a full year since we announced our intention to acquire Chaparral City Water Company. We can now turn our attention to the continued delivery of clean, safe and reliable water, and maintaining high levels of customer service,” said EPCOR President and CEO Don Lowry. “We look forward to introducing EPCOR to our customers and neighbors, and participating in the life of this community.”
Chaparral has 12 employees, who will continue to operate the utility.
In addition to its staff, Chaparral assets consist of a surface water treatment plant, reservoirs with a combined storage capacity of 7.55 million gallons, a water transmission and distribution system, which includes 184 miles of pipeline, service connections, meters, fire hydrants and wells.
EPCOR is a trusted provider of safe, reliable and high-quality drinking water and wastewater services to more than one million people in over 70 communities in Western Canada and now Arizona. EPCOR owns and / or operates 25 water treatment and distribution facilities and 25 wastewater treatment and collection facilities.
Media please contact:
Tim le Riche
Supervisor, External Communications
780-969-8245 or toll free at 877-869-8280