Welcome to our dedicated page for California Water Service Group news (Ticker: $CWT), a resource for investors and traders seeking the latest updates and insights on California Water Service Group stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of California Water Service Group's position in the market.
California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has completed the acquisition of Kings Mountain Park Mutual Water Company’s water system assets. The Bear Gulch District, which has been providing water to Kings Mountain through an interconnection, will now directly serve Kings Mountain customers. This acquisition is expected to enhance water supply reliability, firefighting capabilities, and support future infrastructure improvements. The transfer, supported by the State Water Resources Control Board's Division of Drinking Water, aims to ensure safe, reliable, and affordable water service.
California Water Service Group (NYSE: CWT) has released its 2023 ESG Report, showcasing significant achievements and ongoing efforts in its environmental, social, and governance (ESG) program. Key highlights include a commitment to reduce greenhouse gas emissions by 63% by 2035, $383.7 million invested in infrastructure, and saving nearly 95 million gallons of water annually through conservation programs. The company achieved 100% compliance with water quality standards, secured $83 million in funding for customer arrearages, and donated over $1.5 million to community organizations. Workforce engagement efforts included $728,000 invested in training and a doubling of veteran hires. Governance achievements feature a diverse Board of Directors and 27.2% of net procurement with diverse suppliers.
