[VWC] – The California Public Utilities Commission decided Thursday that because the stock of the Valencia Water Company was acquired by a government agency (Castaic Lake Water Agency), the Commission no longer has jurisdiction over VWC.

The unanimous decision was rendered in response to VWC’s standard rate case filing before the CPUC.

VWC customers will not experience any immediate impacts from this decision. VWC will continue to provide reliable, safe water to its customers – just as it has since 1965. VWC will continue to be regulated by the California Department of Public Health and must meet California’s rigorous water quality standards. VWC will continue to provide water at the lowest rates in the Santa Clarita Valley through one of the best-maintained water delivery systems in the region.

VWC is evaluating its options with respect to the rate changes VWC proposed to the CPUC more than a year ago. The rate changes submitted to the CPUC followed an exhaustive study of VWC’s future revenue needs. VWC, like most water agencies, has faced increased costs – such as purchased water, power, supplies, etc. VWC will be re-evaluating its existing rates and future needs, and will inform its customers when it plans to adjust its rates and the process for setting rates.

VWC may make some adjustments to its procedures, policies and website to reflect the CPUC’s conclusion that it no longer has any jurisdiction over VWC.

About Valencia Water Co.

Valencia Water Company serves approximately 116,000 people in the Santa Clarita Valley, including Valencia, Stevenson Ranch and portions of Newhall, Saugus and Castaic. Valencia supplies its customers with high-quality water supplied from local wells and from imported supplies. Valencia has served the Santa Clarita Valley since 1965. Valencia Water Company can be reached at: www.valenciawater.com or 661-294-0828.