New Mexico Water Service has signed an agreement to purchase the assets of Lake Section Water Company, a utility located in Chapparal, N.M. The acquisition, which when closed would establish New Mexico Water as the largest investor-owned water and wastewater utility in the state, is subject to satisfaction of customary closing conditions and approval by the New Mexico Public Regulation Commission. As part of the purchase, New Mexico Water will own and operate the Lake Section water system, which serves 5,000 customer connections about 110 miles south of New Mexico Water’s Elephant Butte system in the greater El Paso, Texas, metropolitan area.
Published first on TheFly
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