California Water Service Group announced leadership changes, promoting Tamara S. Johnson to Vice President, California Operations and Gregory D. Shimansky to Vice President, Rates and Regulatory Affairs, effective July 1, 2026. The Board of Directors unanimously approved the promotions.
Johnson moves up from Director of Field Operations for the Southern California Region and brings 40 years of public water utility experience, all with the company and its largest subsidiary. Shimansky, who joined the Group in 2024, will succeed retiring executive Greg A. Milleman after a decade at the company and will focus on rates and regulatory affairs, supporting efforts to balance affordable customer rates with needed infrastructure investment.
California Water Service Group amended its equity distribution agreement to reflect the addition of Huntington Securities, Inc. as a Manager and the prior termination of Janney Montgomery Scott LLC for itself. The prospectus supplement covers the sale of common stock with an aggregate offering price up to $350,000,000.
The amendment is dated May 1, 2026; the Original Prospectus Supplement is dated May 14, 2025. The company’s common stock trades on the NYSE under the symbol CWT (last reported sale price $42.24 on April 30, 2026).
California Water Service Group reported that the California Public Utilities Commission issued a final decision on California Water Service’s 2024 General Rate Case and Infrastructure Improvement Plan. The decision raises company-wide revenues by $90.5 million in 2026 (a 10.9% rate increase), $43.2 million in 2027 (a 4.7% increase), and $48.9 million in 2028 (a 5.1% increase).
The decision authorizes $1.45 billion of infrastructure investments from 2024 through 2027 plus up to $229 million in additional projects via the CPUC’s advice letter process. It also renews key adjustment mechanisms, adds a new sales reconciliation mechanism, and approves a rate design aimed at stabilizing cost recovery while supporting affordability. Cal Water expects to implement the new rates effective July 1, 2026.
California Water Service Group reported first-quarter 2026 operating revenue of $214.6 million, up 5.2% from $204.0 million a year earlier, mainly from rate increases and higher accrued and unbilled revenue. Net income attributable to the company fell to $4.0 million, or $0.07 per diluted share, from $13.3 million, as higher water production, depreciation, and other operating costs outpaced revenue growth.
Utility plant grew to $6.0 billion, with $129.5 million of capital expenditures in the quarter and construction work in progress of $368.5 million. Short-term borrowings rose to $230.0 million to support working capital and regulatory receivables. The company highlighted a revised California general rate case proposed decision that would authorize sizable revenue increases from 2026–2028, multiple pending rate cases in other states, significant planned PFAS treatment investments, and two pending acquisitions totaling roughly $263 million.
California Water Service Group furnished first-quarter 2026 results and regulatory updates. Revenue rose to $214.6 million from $204.0 million in Q1 2025, but net income fell to $4.0 million, or $0.07 per diluted share, from $13.3 million, or $0.22 per share, mainly reflecting the absence of new California rates.
The company highlighted a revised proposed decision in its 2024 California General Rate Case that would authorize additional revenue of $90.5 million in 2026, $43.2 million in 2027 and $48.9 million in 2028, with key stabilization mechanisms. It invested $129.4 million in infrastructure in Q1 and plans up to $627 million of 2026 investment based on the revised decision.
California Water also agreed to acquire Nexus Water Group’s Nevada and Oregon systems for about $218 million, adding roughly 36,000 equivalent residential units and about $109 million of rate base, and moved to buy the remaining interest in BVRT. The board announced an 8% annual dividend increase to an expected $1.34 per share and declared a $0.335 quarterly dividend, marking 325 consecutive quarterly payments.
California Water Service Group reporting person Vanguard Capital Management disclosed beneficial ownership of 3,154,734 shares of Common Stock, representing 5.28% of the class. The filing states Vanguard has sole voting power over 489,509 shares and sole dispositive power over 3,154,734 shares. The disclosure is signed by a Vanguard official on 04/29/2026.
California Water Service Group declared its 325th consecutive quarterly dividend of $0.3350 per common share. The dividend is payable on May 22, 2026 to stockholders of record as of the close of business on May 11, 2026.
The company is the largest regulated water utility in the western United States, providing water and wastewater services to more than 2.2 million people across California, Hawaii, New Mexico, Washington, and Texas through its various regulated subsidiaries.
California Water Service Group ownership filing reports that Vanguard Portfolio Management beneficially owned 4,312,668 shares of common stock as of 03/31/2026. The position represents 7.23% of the class and shows Vanguard has sole dispositive power over the shares while retaining limited sole voting power.
The filing is a Schedule 13G notification signed on 04/29/2026 by Vanguard's Head of Global Fund Administration and discloses that the shares include holdings across Vanguard funds and managed accounts.
California Water Service Group reports Amundi entities beneficially own 3,470,997 common shares (5.82%). The filing lists shared voting power of 1,887,617 shares and shared dispositive power of 3,470,997 shares as reported on 03/31/2026. The disclosure identifies Amundi and Amundi Asset Management (France) and related subsidiaries and is signed by a Chief Compliance Officer.