California Water Service Applauds California Supreme Court Decision Preserving Water Utilities' Rights to Implement Rate-Making Mechanism that Supports Conservation, Protects Customers

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]