Workflow
Water Utilities
icon
Search documents
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
Nov 21, 2025 10:45 AM Eastern Standard Time California American Water and Assemblywoman Krell Partner to Support Benito Juarez Foundation in Combating Food Insecurity During the Holiday Season Share SACRAMENTO, Calif.--(BUSINESS WIRE)--California American Water is proud to continue its commitment to community support through Operation Gobble, a seasonal initiative aimed at addressing food insecurity across California. This week, California American Water representatives joined Assemblywoman Maggy Krell to p ...
Pennsylvania American Water Completes Acquisition of the Corner Water Supply and Service Corporation Water System
Businesswire· 2025-11-20 21:58
Nov 20, 2025 4:58 PM Eastern Standard Time "Many of the former Corner Water customers know Pennsylvania American Water as their trusted wastewater service provider, and now we're excited to have the opportunity to welcome them as new water customers as well,†said Pennsylvania American Water President Justin Ladner. "Soon, we'll connect these customers to our Clarion system, delivering the benefits of regionalization and improved reliability. Our goal is safe, clean, reliable and affordable water backed by d ...
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
WAIKOLOA, Hawaii, Nov. 20, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) subsidiary Hawaii Water Service (Hawaii Water) has filed a request with the Hawaii Public Utilities Commission (PUC) to increase water and sewer rates in its Kapalua water and wastewater systems for the first time since acquiring the systems in 2021. The request seeks to increase revenues by $2.2 million to recover increases in purchased water costs, higher operating expenses, and the cost of completed capital inv ...
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
SAN JOSE, Calif., Nov. 20, 2025 (GLOBE NEWSWIRE) -- (NYSE: CWT)—The California Public Utilities Commission (CPUC) has granted the request of California Water Service (Cal Water) and three other utilities to postpone their Cost of Capital applications from May 1, 2026, to May 1, 2027. The decision effectively maintains a 10.27% return on equity (ROE) and 4.23% cost of debt for Cal Water, with a capital structure of 53.40% common equity and 46.60% long-term debt, and an authorized rate of return of 7.46%. The ...
Artesian Water Company Announces Credit to Delaware Customers With Proceeds From PFAS Settlement Agreement
Globenewswire· 2025-11-19 21:00
NEWARK, Del., Nov. 19, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced that its principal operating subsidiary, Artesian Water Company, Inc. (“Artesian”), received approval from the Delaware Public Service Commission, and support from the Delaware Public Advocate, to return to its customers proceeds from a national class action settlement addressing PFAS contaminatio ...
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]
Pennsylvania American Water Educates Customers on Utility Scam Awareness Day
Businesswire· 2025-11-19 16:52
MECHANICSBURG, Pa.--(BUSINESS WIRE)---- $AWK #UtilityScamAwareness--Pennsylvania American Water wants to keep customers and the general public safe on Utility Scam Awareness Day by providing valuable tips to help identify and avoid scammers from targeting unsuspecting utility customers. "Pennsylvania American Water cares about the safety of its customers. As utility scams continue to rise, it's important that everyone exercises caution and takes steps to protect themself by confirming the identity of worker ...
Severn Trent PLC (STRNY) Q2 2026 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2025-11-19 16:03
PresentationOlivia GarfieldCEO & Executive Director Hello. I'm Liv Garfield, Chief Executive of Severn Trent, and a big welcome to our half year results presentation for the financial year 2026. Now today, I'm welcoming you from Wanlip in Leicestershire. And this actually is the largest investment individual capital scheme over the next 5 years. So it felt like the perfect location to do today's results presentation. And it's around future-proofing all of the activities in our wastewater location in Leices ...
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]