Cadiz, Inc. | 2010 June
0
archive,date,qode-quick-links-1.0,ajax_fade,page_not_loaded,,side_area_uncovered_from_content,qode-theme-ver-16.8,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-5.5.5,vc_responsive

June 2010

Press Release from the American States Water Company June 28, 2010 SAN DIMAS, Calif.--(BUSINESS WIRE <http://www.businesswire.com/> )--American States Water Company (NYSE:AWR) announced today that it had signed, through its subsidiary, Golden State Water Company (“GSWC”), an agreement to proceed with the Cadiz Water Conservation & Storage Project (“Cadiz Project”) and participate in the Cadiz Project’s environmental review. The agreement grants GSWC the right to acquire a firm annual supply of water once the environmental review is complete. GSWC will also commit funds to the environmental review and has committed to the goal of a general “environmental benefit” for the operation of the project.

Water Utility Serving 800,000 People Approves Agreements to Proceed with the Project and Participate in the Environmental Review June 28, 2010 LOS ANGELES – Today Cadiz Inc. [NASDAQ: CDZI] announced that the Golden State Water Company (“Golden State”), a subsidiary of American States Water [NYSE: AWR] and California’s second largest investor-owned water utility, has executed an Option Agreement to acquire conserved water and related storage capacity in the Cadiz Water Conservation & Storage Project (“Cadiz Project”), joining Santa Margarita Water District (“Santa Margarita”) and Three Valleys Municipal Water District (“Three Valleys”), which approved similar agreements last week.  The agreements, which were executed on June 25, 2010 and filed today by the Company with the Securities and Exchange Commission (“SEC”), grant Golden State the right to acquire a firm annual supply of water and commit funds to the environmental review of the Project.

Santa Margarita Water District Commits to Lead Environmental Review June 24, 2010 LOS ANGELES – Today Cadiz Inc. [NASDAQ: CDZI] announced that two Southern California water agencies have approved agreements to proceed with the Cadiz Water Conservation & Storage Project (“Cadiz Project”) and participate in the Project’s environmental review. The Boards of Directors of Santa Margarita Water District (“Santa Margarita”) and Three Valleys Municipal Water District (“Three Valleys”), which together serve over 650,000 customers in parts of Orange and Los Angeles Counties, have unanimously approved agreements that commit funds to an environmental review of the Cadiz Project and also grant the agencies the right to acquire a firm annual supply of water once the environmental review is complete.