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EPCOR USA Agrees to Acquire Brooke Water LLC

PHOENIX, Ariz., May 13, 2019 (GLOBE NEWSWIRE) -- EPCOR Water Arizona Inc., a subsidiary of EPCOR USA Inc. (EPCOR USA), today announced that it has reached an agreement to acquire the assets of Brooke Water LLC (Brooke).

“EPCOR is a recognized leader in safety and operational excellence, and our team’s experience and expertise runs very deep,” said Joe Gysel, President of EPCOR USA. “We are pleased to have reached an agreement with the owners of Brooke to purchase the system and become the new owner and operator. We look forward to bringing our track record of operational, safety and customer service excellence to Brooke’s customers.”

Located in unincorporated La Paz County, Brooke is located near the Town of Parker along the Colorado River in western Arizona and 45 minutes away from EPCOR’s existing service area in Lake Havasu City. Brooke currently serves approximately 2,100 water customers.

“EPCOR will bring the right blend of expertise, long-term commitment, and customer-focused operations to Brooke customers,” noted Tom Jamieson, Manager of Brooke. “We’re very pleased to be entering into this ownership transition process.”

EPCOR USA has agreed to acquire Brooke’s assets and operations, including its water rights, subject to regulatory approval by the Arizona Corporation Commission (ACC).

Brooke Water will mark EPCOR USA’s 8th acquisition in Arizona.

EPCOR USA is among the largest private water utilities in the Southwest and the largest in Arizona. In addition to regulated water and wastewater service in Arizona and New Mexico, EPCOR USA delivers wholesale water services and regulated natural gas services in Texas. Today, EPCOR USA provides service to approximately 665,000 people in 44 unique communities.

For further information, please contact:

Rebecca Stenholm
Director, Public & Government Affairs
O 623.445.2424
C 602.390.5662

Forward-looking information
Certain information in this news release is forward-looking within the meaning of Canadian securities laws as it relates to anticipated financial performance, events or strategies. When used in this context, words such as “will”, “anticipate”, “believe”, “plan”, “intend”, “target” and “expect” or similar words suggest future outcomes. The purpose of forward-looking information is to provide investors with management’s assessment of future plans and possible outcomes and may not be appropriate for other purposes. Forward looking information in this news release includes, or is related to, but is not limited to expectations regarding the completion of an acquisition of a water and wastewater utility in Arizona and the timing thereof.

These statements involve certain assumptions, inherent risks and uncertainties, including but not limited to the company’s assessment of government and regulatory environments in which it operates. Readers are cautioned not to place undue reliance on forward-looking statements as actual results could differ materially from the plans, expectations, estimates or intentions expressed in the forward-looking statements. These statements speak only as of the date of this media release and, except as required by law, EPCOR disclaims any intention and assumes no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.

EPCOR USA is an indirect, wholly owned subsidiary of EPCOR Utilities Inc. Headquartered in Phoenix, Arizona, EPCOR USA’s wholly owned subsidiaries build, own and operate water, wastewater and natural gas facilities and infrastructure in the southwestern United States.

About EPCOR Utilities Inc.
EPCOR, through its wholly owned subsidiaries, builds, owns and operates electrical, natural gas and water transmission and distribution networks, water and wastewater treatment facilities and sanitary and stormwater systems, and infrastructure in Canada and the United States. The Company also provides electricity, natural gas and water products and services to residential and commercial customers. EPCOR, headquartered in Edmonton, is an Alberta Top 70 employer.