California Wtr Svc Group Stock Price, News & Analysis

Hawaii Water Service has acquired Keauhou Community Services, Inc.'s wastewater assets, following approval from the Hawaii Public Utilities Commission. The acquisition, impacting around 1,500 customer-equivalent units, enhances Hawaii Water's service assurance and infrastructure investment. California Water Service also received approval to acquire King’s Mountain Park Mutual Water Company’s assets, serving 23 residential connections. Both acquisitions aim to ensure reliable utility services, with future benefits expected in operational efficiency and community support.

California Water Service has received grant funding from the California Department of Water Resources to enhance water access for disadvantaged communities in Tulare County. The funding includes $3.45 million to connect 50 homes in West Goshen with the existing water system, addressing failing wells and water quality issues. An additional $535,000 grant will extend services to 25 customers along Harrison Road. Construction is projected to start in 2023 and conclude by the end of 2024, promoting access to safe and clean water amidst climate challenges.

California Water Service Group (NYSE: CWT) announced the promotions of Thomas A. Scanlon to Corporate Controller and Principal Accounting Officer, and Justin B. Skarb to Vice President, Government & Community Affairs, effective January 1, 2023. Scanlon brings over 25 years of experience in financial management, having served as Director of Financial Reporting since 2010. Skarb, with a background in government relations since 2009, has significantly contributed to the company's community engagement. Both promotions were highlighted by President and CEO Martin A. Kropelnicki as vital for the leadership team.

California Water Service (CWT) reported a continued trend of water conservation, with customers reducing usage for the sixth consecutive month in October, achieving a total reduction of 12.1% compared to October 2020. Notably, ten districts exceeded 15% savings, with Westlake leading at 31.8%. This consistent effort underscores customer commitment to conservation despite lower temperatures. The utility serves approximately 2 million people and has been operational since 1926.

California Water Service Group has successfully acquired the Driftwood Valley Association water system assets, expanding its service to Yelm, Washington. The acquisition allows Washington Water Service to serve 62 current customers and offers potential growth with 21 undeveloped lots.

Washington Water is committed to enhancing local infrastructure to ensure a reliable supply of clean water, benefiting both residents and emergency services. CEO Martin A. Kropelnicki expressed optimism for the integration and improved service quality for new customers.

California Water Service (Cal Water) announced $185,763 in grants for its fourth annual Firefighter Grant Program, surpassing last year's total of $175,000. Since its inception in 2019, grant allocation has increased more than threefold due to high demand. The funds will support seven fire departments with essential equipment and training, enhancing safety for both firefighters and the community. Notably, these grants do not affect customer rates. Cal Water serves approximately 2 million people across California.

California Water Service, in collaboration with DoGoodery, has launched the ninth annual Cal Water H2O Challenge to promote water conservation among K-12 students. The initiative includes Classroom and Individual Challenges, offering grants and resources for educators. The Classroom Challenge invites teams to devise solutions for local water issues, while individual students can participate through an art competition. The grand-prize winners will receive a $3,500 grant for their classroom. This year, the program emphasizes real-world implementation of solutions.

California Water Service (CWT) reports a 10.6% reduction in water usage for September 2022 compared to the previous year, marking the fifth consecutive month of decreased consumption. Notable districts include Westlake with a 36.6% reduction and Los Altos at 26.1%. The utility encourages ongoing conservation efforts and has increased rebates for high-efficiency water products to assist customers. With approximately 2 million customers and a commitment to sustainability, CWT continues to address water conservation in California amidst ongoing drought conditions.