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California American Water, Senator Niello and Assemblymember Hoover Partner to Support Local Food Pantries Ahead of Thanksgiving
Businesswire· 2025-11-25 20:12
Core Points - California American Water is collaborating with local officials to support food pantries during the holiday season through its Operation Gobble initiative [1][2][3] - The company donated $2,500 each to the Carmichael Adventist Food Pantry and Sunrise Christian Food Ministries to assist families in need [1][2] - The initiative aims to address the increased demand for food assistance during Thanksgiving, highlighting the ongoing issue of food insecurity [2][3] Company Overview - California American Water is a subsidiary of American Water, providing water and wastewater services to approximately 750,000 people [7] - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states [4]
Jacobs to Manage Infrastructure Development Program to Support Regional Growth in El Paso, Texas
Prnewswire· 2025-11-25 12:45
Core Insights - Jacobs has been selected by El Paso Water to provide program management and owner's representative services for a $200 million Utility Infrastructure Development Program aimed at enhancing water systems in El Paso [1][2][3] Group 1: Project Overview - The initiative will cover approximately 4,500 acres and focus on upgrading water, wastewater, and stormwater infrastructure to meet the growing demand in El Paso [2] - The program is expected to create jobs and support local workforce development while enhancing water reliability and wastewater capacity [3] Group 2: Company Positioning - Jacobs is ranked No. 1 in Sewer & Waste and No. 2 in Program Management by Engineering News-Record, showcasing its expertise in complex infrastructure projects [4] - The company reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors including water [4]
Young Artists Make Waves: Illinois American Water Announces 2025 “Water Keeps Life Flowing” Art Contest Winners
Businesswire· 2025-11-24 16:25
Core Points - Illinois American Water has announced the winners of its "Water Keeps Life Flowing" art contest, which highlights students' creativity and environmental awareness [1] Company Summary - The contest aims to engage students in environmental issues through artistic expression, promoting awareness about water conservation [1]
Eversource Statement on Next Steps Following Aquarion Decision
Businesswire· 2025-11-21 21:35
Core Viewpoint - The Connecticut Public Utilities Regulatory Authority (PURA) has rejected the proposed sale of Aquarion Water Company to the South Central Connecticut Regional Water Authority, impacting Eversource Energy's strategic plans [1]. Group 1 - Eversource Energy's Executive Vice President, Chief Financial Officer, and Treasurer, John Moreira, issued a statement regarding the recent regulatory developments in Connecticut [1].
California American Water and Assemblywoman Krell Partner to Support Benito Juarez Foundation in Combating Food Insecurity During the Holiday Season
Businesswire· 2025-11-21 15:45
Core Points - California American Water is committed to community support through its seasonal initiative, Operation Gobble, aimed at addressing food insecurity in California [1][3] - A donation of $2,500 was presented to the Benito Juarez Foundation to assist families in need during the holiday season [1][3] - The funds will support the Foundation's Emergency Food Program, which provides essential food assistance to farm workers and indigenous communities in the greater Sacramento region [3][4] Company Overview - California American Water is a subsidiary of American Water, providing safe, clean, reliable, and affordable water and wastewater services to approximately 750,000 people [6] - American Water is the largest regulated water and wastewater utility company in the United States, serving over 14 million people across 14 states and 18 military installations [5]
Pennsylvania American Water Completes Acquisition of the Corner Water Supply and Service Corporation Water System
Businesswire· 2025-11-20 21:58
Core Points - Pennsylvania American Water has completed the acquisition of Corner Water Supply and Service Corporation's water system for $250,000, serving approximately 450 customer connections in Shippenville, Clarion County [1][2] - The company plans to invest over $4.3 million in improvements to the newly acquired water system over the next five years to meet regulatory, safety, and security standards while maintaining affordable rates for customers [2][3] - The acquisition is part of a broader trend of regional consolidation in Pennsylvania's water and wastewater systems, addressing challenges related to aging infrastructure and increasing regulatory demands [3][4] Company Strategy - Pennsylvania American Water aims to connect the acquired water system to its existing Clarion system, enhancing reliability and service quality for customers [2][3] - The company has a proven track record of addressing significant capital investment needs in water systems and ensuring compliance with current and future regulatory requirements [2][3] Customer Impact - The acquisition is expected to provide uninterrupted access to clean and safe water for former Corner Water customers, with the Pennsylvania Public Utility Commission approving the acquisition and allowing the adoption of current rates for these customers [5][4] - Pennsylvania American Water offers various customer assistance programs, including grants for income-eligible customers, to support affordability and access to services [6] Industry Context - The acquisition reflects a growing trend in the industry where larger utility companies consolidate smaller systems to improve service delivery and meet regulatory standards [3][4] - Pennsylvania American Water is the largest regulated water utility in the state, serving approximately 2.4 million people and leveraging its scale to provide effective solutions for communities [8]
Hawaii Water Service Proposes First Rate Adjustment for Kapalua since 2021; Reflects Investments Made to Help Improve Reliability and Maintain Safe Utility Service
Globenewswire· 2025-11-20 21:15
Core Points - Hawaii Water Service, a subsidiary of California Water Service Group, has requested an increase in water and sewer rates for the Kapalua systems for the first time since acquisition in 2021, aiming to raise revenues by $2.2 million to cover increased costs [1][2][3] Group 1: Rate Increase Request - The proposed rate increase is intended to recover costs associated with purchased water, higher operating expenses, and completed capital investments [1][2] - The utility plans to pass the increased costs of purchased water directly to customers on a dollar-for-dollar basis [2] Group 2: Infrastructure Investments - Hawaii Water has invested $3.4 million in infrastructure improvements to enhance the quality, reliability, and sustainability of local water and wastewater systems [2] - Key upgrades include rehabilitation of potable water storage facilities, replacement of aging valves, and improvements to sewer pump stations [7] Group 3: Commitment to Service - The company emphasizes its commitment to providing safe, clean, and reliable water services while controlling expenses to maintain affordability [3] - The new rates, if approved, could take effect in the second half of 2026 [3]
California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2027
Globenewswire· 2025-11-20 14:00
Core Points - The California Public Utilities Commission (CPUC) has approved California Water Service (Cal Water) and three other utilities to delay their Cost of Capital applications from May 1, 2026, to May 1, 2027, maintaining a 10.27% return on equity (ROE) and 4.23% cost of debt for Cal Water [1] - Cal Water's capital structure consists of 53.40% common equity and 46.60% long-term debt, with an authorized rate of return set at 7.46% [1] - The CPUC has reauthorized the Water Cost of Capital Mechanism (WCCM), which adjusts the rate of return based on fluctuations in the Moody's Utilities Bond Index, with the next measurement date on September 30, 2026 [2] - Any changes to the ROE from the WCCM will take effect on January 1, 2027, if necessary [2] - The extension of the Cost of Capital proceeding is expected to alleviate workload for the CPUC, which is currently managing six water utility General Rate Cases and three ongoing rulemaking proceedings related to water [3] - This extension is also anticipated to reduce the frequency of rate changes for customers [3] - California Water Service Group operates several regulated utilities across multiple states, providing water and wastewater services to over 2.1 million people [3]
Artesian Water Company Announces Credit to Delaware Customers With Proceeds From PFAS Settlement Agreement
Globenewswire· 2025-11-19 21:00
Core Points - Artesian Resources Corporation announced the approval to return proceeds from a national class action settlement regarding PFAS contamination to its customers [1][2] - The company has received approximately $7.2 million from 3M, which will be used to provide a credit of about $73 to active Delaware water customers as of December 1, 2025 [2][3] - Artesian emphasizes its commitment to delivering safe and reliable water, having proactively tested for and treated PFAS prior to federal regulations [3] Company Overview - Artesian Resources Corporation operates as a holding company for subsidiaries providing water and wastewater services on the Delmarva Peninsula [4] - Artesian Water Company is the oldest and largest regulated water utility in the region, supplying 9.5 billion gallons of water annually through 1,491 miles of water main to over a third of Delaware residents [4]
Connecticut regulators block Eversource's $2.4 billion Aquarion sale
Reuters· 2025-11-19 18:52
Core Viewpoint - Eversource Energy's shares declined over 10% following the rejection of its proposal to sell its water utility business by Connecticut regulators, marking a significant setback for the company's strategic efforts to streamline operations [1] Group 1: Company Impact - The rejection of the sale proposal has negatively impacted Eversource Energy's stock performance, leading to a drop of over 10% in share value [1] - This decision by regulators represents a challenge to Eversource's plans to divest non-core assets and focus on its primary utility operations [1] Group 2: Regulatory Environment - Connecticut regulators' decision highlights the scrutiny that utility companies face regarding asset sales and operational restructuring [1] - The regulatory landscape may pose additional challenges for Eversource Energy as it seeks to implement its strategic initiatives [1]