Cal Water plans to invest more than $1.6 billion in infrastructure development during the 2025-2027 period. Around 46% of the planned expenditure is reserved for new projects and the replacement of old pipelines to ensure reliable water supply, even during emergencies. Additionally, the company has proposed the Low-Use Water Equity Program to keep water affordable for lowincome customers. American States Water Company (AWR) is investing regularly in upgrades to make its infrastructure strong and resilient. ...

SAN JOSE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- To continue providing safe, clean, reliable tap water to customers across the communities it serves, California Water Service (Cal Water)—the largest subsidiary of California Water Service Group (NYSE:CWT)—yesterday submitted Infrastructure Improvement Plans for its California districts from 2025-2027 in its General Rate Case (GRC) filing with the California Public Utilities Commission (CPUC). The application also proposes a Low-Use Water Equity Program, w ...

SAN JOSE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- To continue providing safe, clean, reliable tap water to customers across the communities it serves, California Water Service (Cal Water)—the largest subsidiary of California Water Service Group (NYSE:CWT)—yesterday submitted Infrastructure Improvement Plans for its California districts from 2025-2027 in its General Rate Case (GRC) filing with the California Public Utilities Commission (CPUC). The application also proposes a Low-Use Water Equity Program, w ...

Core Viewpoint - The California Supreme Court's ruling supports the decoupling rate-making mechanism for water utilities, ensuring financial stability while promoting water conservation and protecting customer interests [1][4][5] Group 1: Court Ruling and Implications - The ruling preserves decoupling as a rate-making mechanism, which is crucial for maintaining financial stability for water utilities [1][4] - The court found that the California Public Utilities Commission (CPUC) did not follow proper procedures when considering the elimination of decoupling, denying utilities the chance to present evidence supporting its benefits [5] - Decoupling helps keep water rates affordable for low-water-using customers while allowing utilities to promote conservation efforts [5] Group 2: Company Overview - California Water Service (Cal Water) provides reliable water utility services to over 2 million people through 497,700 service connections [3] - The company is committed to enhancing community well-being and invests in water and wastewater infrastructure and sustainability initiatives [3] - Cal Water has received recognition as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" [3]

SAN JOSE, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) commends the decision issued today by the California Supreme Court that preserves decoupling as a rate-making mechanism, protects water utilities' due process rights, and enables them to maintain financial stability, all while encouraging water conservation and helping protect customers at the same time. The ruling was issued in response to the Low-Income Ratepayer Assistance Phase 1 Decision (D. 20-08-047) made by the ...

SAN JOSE, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- As part of its commitment to enhance the quality of life for those it serves, California Water Service Group (Group) has awarded $80,000 in college scholarships to 12 of the best and brightest California, Hawaii, and Washington students for the 2024-25 academic year. This year, Group is investing in the education of students in its service areas who plan to change their communities through their study of everything from artificial intelligence to neuroscie ...

Core Points - California Water Service Group awarded $80,000 in scholarships to 12 students for the 2024-25 academic year, emphasizing its commitment to enhancing the quality of life in its service areas [3][5] - The company's College Scholarship Program has provided a total of $760,000 in scholarships to date, supporting students pursuing various fields of study [3][5] - More than half of the scholarship recipients are first-generation college students, highlighting the program's impact on educational accessibility [9] 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 [3][8] - The company is committed to responsible investment in water and wastewater infrastructure, sustainability initiatives, and community well-being [6] - California Water Service Group has been recognized as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek [6]

Company Overview - PepsiCo has an expected earnings growth rate of 7.1% for the current year, with a Zacks Consensus Estimate for current-year earnings improving by 0.1% over the last 60 days, and currently holds a Zacks Rank 2 [1] - Kimberly-Clark Corporation has an expected earnings growth rate of 6.9% for the current year, with a Zacks Consensus Estimate improving by 2.9% over the last 60 days, and also holds a Zacks Rank 2 [3] - California Water Service Group has an expected earnings growth rate of 246.2% for the current year, with a Zacks Consensus Estimate improving by 40% over the last 60 days, and carries a Zacks Rank 1 [13] - Portland General Electric Company has an expected earnings growth rate of 29.4% for the current year, with a Zacks Consensus Estimate improving by 0.3% over the last 60 days, and holds a Zacks Rank 2 [14] - Atmos Energy has an expected earnings growth rate of 9.2% for the current year, with a Zacks Consensus Estimate improving by 0.9% over the last 60 days, and carries a Zacks Rank 2 [17] Market Conditions - Inflation eased marginally in April, with the consumer price index (CPI) rising by 3.4% year-over-year and 0.3% month-over-month, slightly below the expected 0.4% rise [5] - The Federal Reserve's preferred inflation gauge, the personal consumption expenditure (PCE) index, saw a 0.3% monthly increase in April, consistent with expectations, while core PCE rose by 0.2%, lower than the previous month's increase [6][7] - Manufacturing activity continues to slow, with the Institute for Supply Management's (ISM) manufacturing PMI falling to 48.7% in May, marking its 18th decline in the past 19 months [8] Investment Recommendations - It is advisable to invest in defensive stocks such as utilities and consumer staples, including PepsiCo and Kimberly-Clark, which have favorable Zacks Ranks [9] - The recommended approach is to focus on low-beta stocks with high dividend yields and favorable Zacks Ranks [10]

California Water Service Group (CWT) announced that its subsidiary California Water Service (Cal Water) has acquired Kings Mountain Park Mutual Water Company's (Kings Mountain) water system assets. The agreement was originally approved by the California Public Utilities Commission in late 2022. In order to ensure the extension of high-quality services to customers and investments needed to upgrade the existing and acquired assets, large water utility companies are acquiring small players. Per the U.S. Envir ...

SAN JOSE, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has finalized the acquisition of Kings Mountain Park Mutual Water Company's (Kings Mountain) water system assets. Cal Water's Bear Gulch District, which has provided water in recent years to Kings Mountain through a system interconnection, will now provide water utility services directly to Kings Mountain customers. The Bear Gulch District already ser ...