Welcome to our dedicated page for California Wtr Svc Group news (Ticker: CWT), a resource for investors and traders seeking the latest updates and insights on California Wtr Svc Group stock.
California Water Service Group (NYSE: CWT) news covers developments from the third-largest investor-owned water utility in the United States. As a regulated utility serving communities across California, Washington, and Hawaii, the company generates news around rate proceedings, infrastructure investments, acquisitions of smaller water systems, and quarterly financial results.
Regulatory filings and decisions from the California Public Utilities Commission directly impact the company's revenue and operations. Rate case outcomes, cost of capital proceedings, and requests for infrastructure investment recovery represent key news categories for investors tracking CWT. Acquisition announcements involving smaller water companies also generate significant coverage, as the company pursues consolidation opportunities that expand its customer base.
Quarterly and annual earnings releases provide insight into water sales volumes, operating expenses, and capital expenditure programs. Dividend declarations matter to income-focused investors, given the company's long history of consecutive quarterly dividend payments. Weather patterns and drought conditions in California can influence water demand and supply costs, occasionally generating news about conservation programs or rate adjustments.
Community engagement announcements, including grants to local fire departments and other charitable initiatives, reflect the company's role as an essential service provider. Follow CWT news to track regulatory developments, growth initiatives, and financial performance from this established water utility.
California Water Service Group (NYSE: CWT) agreed to buy the remaining membership interests in BVRT Utility Holding Company LLC to become sole owner of seven subsidiary water and wastewater utilities serving the Austin–San Antonio corridor.
The transaction is subject to customary closing conditions, Public Utilities Commission of Texas approval, and Group board approval. Separately, a BVRT subsidiary, Camino Real Utility Company LLC, received a PUCT water certificate to serve nearly 230 acres near Mustang Ridge and already provides wastewater service to 270 customers.
Camino Real also signed an agreement to extend about 21,500 feet of sewer main to serve the adjacent 253-acre Oatman Hill development, projected to reach up to 5,000 equivalent dwelling units by 2036.
California Water Service Group (NYSE: CWT) promoted Todd K. Peters to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026. Peters joined the company in 1993, most recently served as Chief Engineering Officer, holds a B.S. in Civil Engineering from San Jose State University, and is a licensed Professional Engineer in CA, HI, NM, TX, and WA. Scanlon joined in 2010, previously served as Corporate Controller and Chief Accounting Officer, holds a B.S. in Finance from Marquette University, an MBA from the University of Illinois, and is a Certified Public Accountant. Chairman & CEO Martin A. Kropelnicki said the promotions recognize their contributions to the company.
California Water Service (NYSE:CWT) was authorized by the California Public Utilities Commission to implement interim rate adjustments of 3% in most districts, effective Jan. 1, 2026, while the CPUC continues review of the company’s 2024 General Rate Case and Infrastructure Improvement Plan.
The CPUC granted interim rates because the final GRC decision was delayed past the date new rates would take effect; interim rates are intended to help maintain infrastructure investment and reduce compounded delayed-recovery surcharges. These interim rates remain subject to refund or adjustment depending on the CPUC’s final decision for the 2026–2028 period.
California Water Service (NYSE:CWT) on Dec. 22, 2025 named nine recipients of its seventh annual Firefighter Grant Program, awarding more than $186,000 to support rescue and emergency services.
The grants fund equipment and training including laryngoscopes, ventilation fans, gas detection gear, SnapTanks, a thermal manikin, wildland PPE and training, K9 search-and-rescue support, and station improvements. The program is funded through the company’s philanthropic giving program and does not affect customer rates.
California Water Service (NYSE: CWT) received California Public Utilities Commission approval to acquire Palm Mutual Water Company, a small system serving 63 residential customers located two miles from Cal Water’s Northeast Bakersfield Treatment Plant.
Cal Water currently supplies Palm Mutual via a master meter interconnection and plans phased infrastructure upgrades to improve consistency and water quality. Upon closing, Palm Mutual customers will join Cal Water’s Bakersfield District, which serves about 445,600 people through roughly 120,000 service connections. The purchase remains subject to customary closing conditions and is expected to close in Q1 2026.
California Water Service Group (NYSE: CWT) was named one of America's Most Responsible Companies by Newsweek and Statista for the fifth consecutive year on Dec. 4, 2025.
The 2026 designation recognizes Group among the top 600 of the 2,000 largest U.S. public companies based on 30 publicly available ESG and CSR key performance indicators and an independent U.S. resident survey; Group was one of four investor-owned water utilities in the Energy & Utilities category.
California Water Service Group (NYSE: CWT) subsidiary Hawaii Water Service filed with the Hawaii Public Utilities Commission on Nov 20, 2025 to raise rates for its Kapalua water and wastewater systems for the first time since 2021. The filing seeks a $2.2 million revenue increase to recover higher purchased water costs, rising operating expenses, and completed capital investments.
Hawaii Water reported $3.4 million of infrastructure investments including storage rehabilitation, valve replacements, new backup generators, sewer pump station upgrades, and lift/sump pump replacements. The company cites about $1.7 million annually in purchased-potable and non-potable water costs. If approved as filed, new rates could take effect in the second half of 2026.
California Water Service (NYSE: CWT) announced the CPUC granted its request to postpone the company's Cost of Capital application from May 1, 2026 to May 1, 2027. The decision maintains a 10.27% ROE, 4.23% cost of debt, a capital structure of 53.40% common equity / 46.60% long-term debt, and an authorized rate of return of 7.46%.
The CPUC reauthorized the Water Cost of Capital Mechanism (WCCM), with the next WCCM measurement date on September 30, 2026 and any ROE change, if required, becoming effective January 1, 2027.
California Water Service Group (NYSE: CWT) reported Q3 2025 results with net income $61.2M and diluted EPS $1.03, matching Q3 2024. Q3 revenue rose 3.9% to $311.2M. The company invested $135.2M in water infrastructure in Q3, up 14.8% year-over-year, and $364.7M YTD capital spending, up 9.8% YTD. YTD net income declined 31.8% to $116.7M due largely to prior-year interim rate relief. On Oct 1, 2025, Group issued $170M senior notes and Cal Water issued $200M first mortgage bonds; both closed. Regulatory updates include inflation-based interim California rates effective Jan 1, 2026 and Hawaii rate authorization adding $4.7M annual revenue. Dividend: $0.30 quarterly.
California Water Service Group (NYSE: CWT) Board of Directors declared the 323rd consecutive quarterly dividend of $0.30 per common share on October 29, 2025. The dividend is payable on November 21, 2025 to shareholders of record at the close of business on November 10, 2025.
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