California Water Service Group reports developments for a regulated water and wastewater utility holding company serving California, Hawaii, New Mexico, Washington, and Texas. Its subsidiaries include California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, a utility holding company.
Recurring news centers on California Public Utilities Commission rate-case decisions, infrastructure improvement plans, water system investment, quarterly earnings, dividend declarations, and updates tied to safe, reliable service. Company releases also address regulatory mechanisms, operating results, sustainability initiatives, and corporate governance or recognition items.
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California Water Service (Cal Water) is actively addressing power outages affecting water delivery due to rolling blackouts across the state. The utility has installed permanent generators at critical locations and is deploying portable backup generators to maintain water service. Customers are urged to conserve water to alleviate strain on the electrical grid. The Emergency Operations Center is activated to manage responses, ensuring minimal disruption to service. Serving around 2 million people, Cal Water emphasizes collaboration with customers to mitigate impacts on the community.
California Water Service Group (CWT) announced an investment of $80,000 in college scholarships for the 2020-2021 academic year to assist students in its service areas across California, Hawaii, New Mexico, and Washington.
A total of 12 students were awarded scholarships based on academic achievement, community service, and financial need, with four grand-prize recipients receiving $10,000 each. The program has awarded $440,000 in scholarships to date and is funded by stockholders, not ratepayers.
The California Water Service Group (NYSE: CWT) Board of Directors has declared a quarterly dividend of $0.2125 per common share, marking the company's 302nd consecutive dividend. This dividend will be payable on August 21, 2020, to shareholders of record as of August 10, 2020. As the parent company of various water service providers, California Water Service Group serves around 2 million customers across multiple states, including California and Hawaii.
California Water Service Group (NYSE: CWT) announced the release of its second quarter 2020 earnings results, set for 9:00 a.m. ET on July 30, 2020. A teleconference will follow at 11:00 a.m. ET for stockholders and interested investors. To access the call, participants should dial in 15 minutes early. Replay options will be available post-call until September 30, 2020. The teleconference will be hosted by key executives, including President and CEO Martin A. Kropelnicki.
Washington Water Service, a subsidiary of California Water Service Group (CWT), has successfully acquired the water system assets of Rainier View Water Company, approved by the Washington Utilities and Transportation Commission. This acquisition enhances Washington Water's customer base, doubling its service connections to 36,500. Rainier View Water serves approximately 35,000 residents in various regions. Washington Water aims to invest in local infrastructure to ensure reliable service and high-quality water delivery, promising a seamless transition for customers and employees.
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