California Water Service(CWT)

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California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026
Newsfilter· 2025-01-15 13:45
SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (NYSE:CWT)—The California Public Utilities Commission (CPUC) has granted the request of California Water Service (Cal Water) and three other utilities to postpone their Cost of Capital applications from May 1, 2025 to May 1, 2026. The decision effectively maintains the current 10.27% return on equity (ROE) and 4.23% cost of debt for Cal Water, with a capital structure of 53.40% common equity and 46.60% long-term debt, and an authorized rate of return of 7. ...
California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026
GlobeNewswire News Room· 2025-01-15 13:45
SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (NYSE: CWT)—The California Public Utilities Commission (CPUC) has granted the request of California Water Service (Cal Water) and three other utilities to postpone their Cost of Capital applications from May 1, 2025 to May 1, 2026. The decision effectively maintains the current 10.27% return on equity (ROE) and 4.23% cost of debt for Cal Water, with a capital structure of 53.40% common equity and 46.60% long-term debt, and an authorized rate of return of 7 ...
California Water Service Group Offering $80,000 to Students through 12th Annual College Scholarship Program
GlobeNewswire· 2025-01-13 21:15
SAN JOSE, Calif., Jan. 13, 2025 (GLOBE NEWSWIRE) -- To help improve the quality of life in the communities it serves, California Water Service Group (Group) (NYSE: CWT) has opened its 11th annual College Scholarship Program cycle for customers served by its California, Hawaii, New Mexico, and Washington subsidiaries. Eligible customers in any of these service areas or their dependents can apply for part of the $80,000 available this year to offset educational expenses. Applicants must plan to enroll in a fu ...
California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability
GlobeNewswire News Room· 2025-01-07 21:20
Executive Promotion - Kenneth G Jenkins promoted to Vice President, Water Resources Planning and Sustainability effective January 1 2025 [1] - Jenkins recognized for improving water supply master planning and leading conservation resilience and sustainability efforts [2] - Jenkins career progression includes roles as Government & Community Relations Manager Conservation Department and Drought Response Task Force leader Director of Water Resource Sustainability and Conservation and Chief Water Resource Sustainability Officer [3] Company Overview - California Water Service Group is the largest regulated water utility in the western United States serving over 2 1 million people across California Hawaii New Mexico Washington and Texas [4] - The company operates through regulated subsidiaries California Water Service Hawaii Water Service New Mexico Water Service and Washington Water Service and its utility holding company Texas Water Service [4] - California Water Service Group focuses on enhancing quality of life through investments in water and wastewater infrastructure sustainability initiatives and community well-being [5] - The company employs over 1 200 people and has been recognized as one of America's Most Responsible Companies and the World's Most Trustworthy Companies by Newsweek [5]
California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments
GlobeNewswire· 2024-12-18 23:17
SAN JOSE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- To support local fire departments and their efforts to provide rescue and emergency services, California Water Service (Cal Water) today announced it will award more than $175,000 in grants to seven California fire departments as part of the utility’s sixth annual Firefighter Grant Program. “As a water provider, we partner closely with fire departments in our service areas, so they have access to a reliable supply of water and pressure to keep our communit ...
California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System
GlobeNewswire News Room· 2024-12-05 21:15
SAN JOSE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Expanding its operations on The Garden Isle, California Water Service Group (NYSE: CWT) subsidiary Hawaii Water Service (Hawaii Water) finalized the acquisition of Kukui’ula South Shore Community Services’ (KSSCS) wastewater system assets yesterday. Hawaii Water will now own and manage the collection-only wastewater utility, which currently serves about 440 residential, commercial, and resort customers. The system, which is located in southeast Kauai, is e ...
California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year
GlobeNewswire News Room· 2024-12-04 21:15
Company Recognition - California Water Service Group (Group) named one of "America's Most Responsible Companies" for 2025 by Newsweek, marking the fourth consecutive year of this recognition [1] - Group is one of only three investor-owned water utilities ranked in the Energy & Utilities category [2] - The 2025 list includes the top 600 out of 2,000 largest public companies by revenue across 14 industries [2] Selection Criteria - Companies were selected based on 30 publicly available KPIs derived from corporate social responsibility, sustainability, and other reports, along with independent survey results [3] - KPIs focused on environmental, social, and governance (ESG) performance, while the survey assessed public perception of corporate social responsibility activities [3] Company Overview - California Water Service Group is the largest regulated water utility in the western United States, serving over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas [5] - The company operates through its regulated subsidiaries and a utility holding company, providing high-quality water and wastewater services [5] Corporate Values and Initiatives - Group's purpose is to enhance the quality of life for customers, communities, employees, and stockholders through responsible investments in infrastructure, sustainability initiatives, and community well-being [6] - The company's 1,200+ employees are guided by strong core values, including protecting the planet, caring for people, and operating with integrity [6] - Group has also been recognized as one of the "World's Most Trustworthy Companies" by Newsweek and as a Top Workplace and Great Place to Work® [6]
California Water Leaders Heading to Palm Desert for ACWA Fall Conference
GlobeNewswire News Room· 2024-11-25 18:25
SACRAMENTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Association of California Water Agencies (ACWA) 2024 Fall Conference & Expo Dec. 4-5 will transform Palm Desert into a two-day town square for public water agency leaders from throughout California. Presentations and panel discussions will focus on a variety of leading water issues, ranging from climate change impacts on water supplies to the latest in local groundwater management, developments in Bay-Delta policy and innovations in sustainable agriculture. ...
California Water Service(CWT) - 2024 Q3 - Quarterly Report
2024-10-31 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13883 CALIFORNIA WATER SERVICE GROUP (Exact name of registrant as specified in its charter) Delaware 77-0448 ...
California Water Service(CWT) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:55
California Water Service Group (NYSE:CWT) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants James Lynch - Senior Vice President, Chief Financial Officer and Treasurer Martin Kropelnicki - Chairman and Chief Executive Officer Greg Milleman - Vice President of Rates and Regulatory Affairs Conference Call Participants Jonathan Reeder - Wells Fargo Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today. At this time, I would like to ...