Park Water Company obtains regulatory approval for transfer of ownership

Downey, CA - Park Water Company today announced that the California Public Utilities Commission approved the transfer of ownership of Park Water to Western Water Holdings LLC, a wholly-owned subsidiary of Carlyle Infrastructure Partners, L.P. The approval of the transfer is subject to a number of specified conditions which Park Water has agreed to. Christopher Schilling, Co-Chief Executive Officer of Park Water stated, “We are delighted the CPUC approved the transaction. This move is in the best interests of both our customers and our dedicated employees. We will be in a better position to fulfill our responsibilities to provide quality reliable service in the future. “ “The California Public Utilities Commission process has been thorough and this decision is an important milestone in the process of transferring ownership of the utility from the Wheeler family to Carlyle," said Schilling. The CPUC acknowledged in their approval that there was no change in rates or service as a consequence of the change in shareholder ownership. About Park Water Company Park Water Company is a privately held regulated public water utility company that covers nearly 11 square miles in southeast Los Angeles County. In addition, Park also has two wholly owned subsidiaries Apple Valley Ranchos Water Company in Apple Valley, California and Mountain Water Company in Missoula, Montana. Together the three entities provide water to over 225,000 people. * * * * * Contact: Mary Young Phone (562) 299-5113 Fax (562) 861-5902