Connecticut Water Service, Inc. Board Approves $66.2 Million Capital Spending Plan for 2018 and Declares Dividends
CONNETICUT WATER SERVICE (CTWS)
Last conneticut water service earnings: 8/8 01:45 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
CLINTON, CONN., Nov. 10, 2017 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (Nasdaq: CTWS) announced today that the Company’s Board of Directors approved an overall $66.2 million Capital Spending Plan for 2018 for its regulated public water and wastewater utilities. The 2018 Capital Spending Plan represents an increase of $10.2 million, or 18 percent, compared to 2017’s approved plan. The 2018 Plan includes capital spending for the two Connecticut companies acquired in 2017 that were not included in the 2017 Plan. Approximately 35 percent of the capital spending planned for 2018, or $23.0 million, is allocated for pipeline replacement and other projects eligible through Connecticut’s Water Infrastructure and Conservation Adjustment (WICA) and Maine’s Water Infrastructure Charge (WISC) programs. David C. Benoit, CTWS’s President and CEO stated, “Our water utility companies are leaders in replacing aging infrastructure. The 2018 Capital Spending Plan keeps us on pace to repla
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