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Pennsylvania American Water Educates Customers on Utility Scam Awareness Day
Businesswire· 2025-11-19 16:52
Core Points - Pennsylvania American Water emphasizes the importance of customer safety on Utility Scam Awareness Day by providing tips to identify and avoid utility scams [1] - The company highlights the rising trend of utility scams and urges customers to exercise caution and verify the identity of workers before granting access [1]
Severn Trent PLC (STRNY) Q2 2026 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2025-11-19 16:03
Core Viewpoint - Severn Trent presents a strong investment opportunity for investors, highlighting growth, regulatory outperformance, and inflation-linked returns as key factors for consideration [1][2]. Group 1: Investment Highlights - The company is experiencing growth in terms of Regulatory Capital Value (RCV), which is expected to create long-term value for investors [2]. - Severn Trent has achieved regulatory outperformance, which is anticipated to provide attractive returns over the medium to long term [2]. - The company's unique inflation-linked structure is expected to enhance returns for investors [2]. Group 2: Performance Overview - In the first six months of the financial year 2026, Severn Trent has maintained its leading status with the environment agency, marking six consecutive years of top performance [3].
Eversource Energy plunges as Connecticut regulator rejects water subsidiary sale (ES:NYSE)
Seeking Alpha· 2025-11-19 15:18
Core Viewpoint - Eversource Energy's proposed $2.4 billion sale of its Aquarion Water subsidiary has been denied by Connecticut's Public Utilities Regulatory Authority, leading to a 7.7% drop in the company's stock in early trading [2] Group 1 - The Connecticut Public Utilities Regulatory Authority voted against Eversource Energy's application for the sale [2] - The proposed sale was valued at $2.4 billion [2] - The sale was intended to transfer Aquarion Water to a newly created quasi-public entity [2]
X @Bloomberg
Bloomberg· 2025-11-19 14:42
Eversource Energy’s request to sell subsidiary Aquarion Water Company was rejected by Connecticut regulators after pushback from state officials concerned about consumer costs. https://t.co/uAgAFEEEPL ...
American Water Promotes Customer Safety on Utility Scam Awareness Day
Businesswire· 2025-11-19 14:26
Core Points - American Water, the largest regulated water and wastewater utility company in the U.S., emphasizes the importance of customer safety on Utility Scam Awareness Day [1] - The company provides valuable tips to help customers identify and avoid utility scams, which are on the rise [1] - American Water urges the public to verify the identity of utility workers to enhance safety and prevent scams [1]
H2O America Announces Deferral of San Jose Water Company’s Cost of Capital Filing to May 1, 2027
Globenewswire· 2025-11-19 12:30
Core Viewpoint - H2O America, through its subsidiary San Jose Water Company, has received approval from the California Public Utilities Commission (CPUC) to defer its 2026 Cost of Capital filings to May 1, 2027, providing clarity and stability for customers through 2027 [1][3]. Summary by Sections Cost of Capital Filings - The Joint Parties, including San Jose Water Company, requested a one-year postponement of their Cost of Capital (COC) filings originally due on May 1, 2026, which has now been granted [2]. - The last COC decision was made on June 29, 2023, and the Joint Parties had previously received deferments for 2025 and 2026 [2]. Regulatory Approval and Mechanisms - The approval from CPUC allows the Water Cost of Capital Mechanism (WCCM) to remain in effect until January 1, 2028, which adjusts the Return on Equity (ROE) based on the Moody's Aa Utility Bond Index [3][7]. - San Jose Water's current ROE of 9.81% will remain unchanged through 2027 unless adjusted by the WCCM, reflecting a reduction from the CPUC-approved base ROE of 10.01% due to the Water Conservation Memorandum Account (WCMA) [4][7]. Company Overview - H2O America is a major investor-owned water utility in the U.S., serving over 1.6 million people and focusing on sustainable operations and community engagement [5].
Itron Expands Presence in United Kingdom Water Sector with New Cyble™ 5 Contract
Globenewswire· 2025-11-18 13:45
Core Insights - Itron, Inc. is collaborating with Northumbrian Water Limited to modernize its water distribution system by deploying 330,000 Itron Aquadis+ volumetric water meters equipped with Cyble 5 communication modules by 2029 [1][2][3] - The deployment is part of Northumbrian Water's strategy to meet strict water leak reduction goals set by Ofwat, the water sector regulator in England and Wales [2][5] - The initiative aims to enhance customer service, ensure reliable water supply, and promote water conservation through real-time data collection and educational campaigns [3][4] Company and Industry Overview - Itron is recognized as a global leader in energy, water, smart city, IIoT, and intelligent infrastructure services, focusing on innovative systems and resource conservation [6] - The collaboration with Northumbrian Water is part of a broader trend in the U.K. water sector, where utilities are encouraged to reduce leaks by 50% from a 2017-18 baseline by 2050 [5] - The Cyble 5 solution enables utilities to transform mechanical meters into communicating devices, improving operational efficiency and billing accuracy [5][4]
Global Water Resources Appoints Christa Steele to Board of Directors
Globenewswire· 2025-11-17 13:31
Core Insights - Global Water Resources, Inc. has appointed Christa Steele to its board of directors, effective January 1, 2026, succeeding Debra G. Coy who will resign at the end of the year [1][2] Company Overview - Global Water Resources is a leading water resource management company that operates 39 systems providing water, wastewater, and recycled water services, primarily in growth corridors around metropolitan Phoenix and Tucson [9] - The company recycles over 1 billion gallons of water annually, totaling 18.9 billion gallons recycled since 2004 [9] Leadership Experience - Christa Steele brings over two decades of leadership experience as a CEO, executive, and board member, with expertise in regulatory navigation, digital transformation, financial oversight, growth strategy development, and mergers and acquisitions [2][4] - Steele previously served as interim CEO of BALCO Holdings, overseeing approximately $300 million in revenues and 1,200 employees [2] - As president and CEO of Mechanics Bank, she improved core earnings and doubled the stock price before its acquisition [3] Board Composition - Following Steele's appointment, the board will consist of seven directors, with four serving as independent directors [1] Strategic Goals - Steele's experience aligns with Global Water's goal of leading the industry in water resource management, customer service, and innovative water recycling technologies [4] - The company aims to expand in major metro growth corridors around Phoenix and Tucson, addressing challenges related to water scarcity [7] Recognition and Awards - Global Water has received numerous industry awards, including national recognition as a 'Utility of the Future Today' for superior water reuse practices [11] - The company has been acknowledged for its effective implementation of Total Water Management (TWM), which integrates the management of the entire water cycle [10]
California American Water and Assemblywoman Soria Partner to Support Madera County Food Bank
Businesswire· 2025-11-13 20:00
Core Points - California American Water partnered with Assemblywoman Esmeralda Soria to donate $2,500 to the Madera County Food Bank as part of the Operation Gobble campaign [1][3] - Operation Gobble is a charitable initiative that has evolved from a turkey donation program to providing direct financial support to local food banks across California [2] - The donation aims to assist the Madera County Food Bank in providing food assistance to families in need, especially during the holiday season [3][4] Company Overview - California American Water is a subsidiary of American Water, which is the largest regulated water and wastewater utility company in the United States, serving over 14 million people [5][7] - The company is committed to providing safe, clean, reliable, and affordable water services, and actively engages in community support initiatives [4][5] Recent Developments - California American Water is currently constructing a new water treatment facility in Madera County to enhance water quality and service reliability [10] - The company is also undertaking a $1.4 million meter installation project in the Fruitridge Vista Water District to improve service reliability and billing accuracy [11]