California american water rejects unauthorized purchase offer

Monterey, calif.--(business wire)--california american water issued its response to monterey peninsula water management district's (mpwmd) offer to purchase california american water's water system serving the monterey peninsula. the company has declined the purchase offer, confirming that its water system is not for sale and pointing out that mpwmd does not have the legal authority to purchase or operate the potable water system serving the area. california american water reiterated its commit.
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