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California Water Service Receives Approval for Interim Rate Adjustments from California Public Utilities Commission
Globenewswire· 2025-12-29 23:00
Core Viewpoint - California Water Service (Cal Water) has received authorization for interim rate adjustments of 3% across most service areas, effective January 1, 2026, as the California Public Utilities Commission (CPUC) reviews its 2024 General Rate Case (GRC) and Infrastructure Improvement Plan [1][2][3]. Group 1: Rate Adjustments - The CPUC's approval allows Cal Water to temporarily increase rates by 3% in most districts to support ongoing infrastructure investments necessary for providing safe and reliable water [1][4]. - The interim rates are a response to delays in the final decision of the rate case, which were not caused by Cal Water, and aim to mitigate the financial impact on customers [3][4]. Group 2: Company Background - California Water Service Group is the parent company of several regulated utilities, including California Water Service, and serves over 2.1 million people across multiple states [5]. - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [5].