Hawaii Water has completed the purchase of Keauhou Community Services, Inc.’s (KCSI) wastewater system assets following approval by the Hawaii Public Utilities Commission earlier this fall.
Hawaii Water has been providing wastewater utility service to KCSI’s customers through an operation and maintenance contract since 2018. In addition to Kahaluu Beach Park and the Keauhou Bay Facility, KCSI serves about 1,500 residential, hotel, and commercial customer-equivalent units in Keauhou on the Big Island. KCSI also provides recycled water to Kona Country Club for golf course irrigation. Hawaii Water will continue to invest in local wastewater system infrastructure to help keep service reliable for the community and help protect the environment.
“We appreciate KCSI’s cooperation over the past several years and the trust its team has had in Hawaii Water to provide quality, service, and value to its customers,” said Martin A. Kropelnicki, Group President and CEO. “We look forward to serving Keauhou residents, businesses, and visitors for generations to come.”
This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“Act”). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the Act. Forward-looking statements are based on currently available information, expectations, estimates, assumptions and projections, and management’s judgment about the Company, the water utility industry and general economic conditions. Such words as would, expects, intends, plans, believes, estimates, assumes, anticipates, projects, predicts, forecasts or variations of such words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not guarantees of future performance. They are subject to uncertainty and changes in circumstances. Actual results may vary materially from what is contained in a forward-looking statement. Factors that may cause a result different than expected or anticipated include, but are not limited to: ability to integrate and operate the Keauhou system in an effective and accretive manner; natural disasters, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the outbreak of coronavirus (or COVID‐19); governmental and regulatory commissions’ decisions, including decisions on proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions’ policies and procedures; the timeliness of regulatory commissions’ actions concerning rate relief and other actions; changes in water quality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customer growth trends; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with unions; changes in customer water use patterns and the effects of conservation; the impact of weather, climate, natural disasters, and diseases on water quality, water availability, water sales and operating results, and the adequacy of our emergency preparedness; and, other risks and unforeseen events. When considering forward-looking statements, you should keep in mind the cautionary statements included in this paragraph, as well as the annual 10-K, Quarterly 10-Q, and other reports filed from time-to-time with the Securities and Exchange Commission (SEC). The Company assumes no obligation to provide public updates of forward-looking statements.