Global Water Resources Granted Rate Increase for GW-Farmers Utility

Core Viewpoint - Global Water Resources, Inc. has received approval for new water rates for its GW-Farmers utility, expected to increase annual revenue by approximately $1.1 million based on 2023 service connections [1][2]. Rate Increase Details - The rate increase will be implemented in three stages: 50% on May 1, 2025, 25% on November 1, 2025, and the remaining 25% on May 1, 2026 [2]. - The Arizona Corporation Commission also approved a deferral of the recovery of an acquisition premium of approximately $3 million related to the acquisition of GW-Farmers, which will be addressed in a future rate case [2]. Company Operations and Community Impact - The additional revenue from the new rates will support improvements at GW-Farmers, benefiting customers and the Sahuarita community [3]. - GW-Farmers serves the Town of Sahuarita and surrounding unincorporated areas, covering approximately 21.0 square miles with 3,494 active water connections as of the end of 2024 [4]. Company Overview - Global Water Resources operates 32 systems providing water, wastewater, and recycled water services, primarily in growth corridors around metropolitan Phoenix and Tucson [5]. - The company recycles over 1 billion gallons of water annually, totaling 17.7 billion gallons since 2004 [5]. Total Water Management Approach - The company employs Total Water Management (TWM), an integrated approach to managing the entire water cycle, enhancing the beneficial use of recycled water and promoting conservation [6]. - TWM includes advanced technologies and smart water management programs, crucial for water-scarce areas experiencing population growth [6]. Industry Recognition - Global Water has received multiple awards, including national recognition as a 'Utility of the Future Today' for its water reuse practices [7]. - The company was also awarded Cityworks' Excellence in Departmental Practice Award for its leadership in public asset management strategies [7].