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California Water Service Group - CWT STOCK NEWS

Welcome to our dedicated news page for California Water Service Group (Ticker: CWT), a resource for investors and traders seeking the latest updates and insights on California Water Service Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect California Water Service Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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.

Rhea-AI Summary
California Water Service Group reaffirms its commitment to investing $215 million in PFAS treatment despite CPUC's dismissal of request to track capital costs in a memorandum account. The company is focused on protecting customers' health and safety by complying with new federal water quality standards.
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California Water Service (Cal Water) confirms its water systems will meet the new state maximum contaminant level (MCL) of 10 parts per billion for chromium-6. Cal Water has already treated impacted water systems in Dixon, Oak Hills, Las Lomas, and Willows. The company plans to install treatment at additional wells to comply with the new standard. Cal Water's commitment to customer health and safety is evident through its proactive measures and environmental stewardship efforts.
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California Water Service Group (CWT) confirms readiness to comply with new EPA PFAS regulations, setting MCLs and Hazard Index for various PFAS compounds. The company's utilities are well-prepared to treat impacted water sources and meet compliance deadlines.
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California Water Service (CWT) receives over $83.0 million through California Extended Water and Wastewater Arrearage Payment Program to assist customers with past-due balances from COVID-19.
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California Water Service Group (CWT) announces the release of its 2024 first quarter earnings results, with an earnings conference call scheduled for April 25, 2024. Stockholders and investors can join the call to hear from top executives.
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California Water Service Group (CWT) secures a spot on Newsweek's 2024 list of 'America's Most Trustworthy Companies' for the second year, ranking second among water utilities nationwide. The company's dedication to core values like integrity and commitment has led to this recognition.
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California Water Service Group (CWT) commits to reducing greenhouse gas emissions by 63% by 2035 from a 2021 base year, supporting global climate goals. The company plans to achieve this through renewable energy, fleet electrification, water conservation, and more.
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The California Public Utilities Commission (CPUC) issued a decision on the 2021 General Rate Case and Infrastructure Improvement Plan for California Water Service Group (NYSE: CWT), approving increased revenues for 2023, 2024, and 2025. The decision allows Cal Water to invest $1.21 billion in water system infrastructure projects from 2021 to 2024, focusing on safety and reliability. The decision also implements a progressive rate design to benefit low-income and low-water-using customers.
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3.39%
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California Water Service Group (CWT) announced a decrease in net income for 2023 due to delayed regulatory decisions impacting revenue. Operating revenue decreased by $51.8 million, primarily from WRAM and MCBA mechanisms conclusion. Despite challenges, the company invested $383.7 million in infrastructure improvements, declared a 316th consecutive quarterly dividend, and increased 2024 annual dividends by 7.7%. The delay in the 2021 GRC affected financial results but the company remains focused on executing its strategy and customer service.
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-0.07%
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California Water Service Group (CWT) announced the release of its 2023 full-year and fourth-quarter earnings results, with an earnings conference call scheduled for February 29, 2024. The call will be hosted by Chairman, President, and CEO Martin A. Kropelnicki, along with other key executives. Interested investors can attend the live audio webcast or access the replay through the provided links and phone numbers.
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California Water Service Group

NYSE:CWT

CWT Rankings

CWT Stock Data

2.56B
57.11M
0.86%
90.13%
2.07%
Water Supply and Irrigation Systems
Utilities
Link
US
San Jose

About CWT

california water service company (cal water) is the largest subsidiary of the california water service group. cal water is the largest investor-owned american water utility west of the mississippi river and the third largest in the country. formed in 1926, the san jose-based company serves more than 472,000 customers through 28 customer and operations centers throughout the state.