California Public Utilities Commission Adopts Decision on California Water Service's 2021 General Rate Case and Infrastructure Improvement Plan [Yahoo! Finance]
California Water Service Group (CWT)
Last california water service group earnings: 4/30 09:00 am
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US:NYSE Investor Relations:
ir.calwatergroup.com
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Source: Yahoo! Finance
2021 General Rate Case and Infrastructure Improvement Plan for California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT). The decision marks the end of an extensive review of the utility's water system improvement plans, costs, and rates. The decision adopts a revised version of the alternate proposed decision issued January 24, 2024, and increases adopted revenues for 2023 by approximately $39.2 million, plus an inflation factor yet to be determined, retroactive to January 1, 2023. It also increases revenues by up to approximately $32.2 million for 2024 and $31.7 million for 2025, subject to the CPUC's escalation earnings test and inflationary adjustments. Importantly, the decision authorizes Cal Water to invest approximately $1.21 billion from 2021 through 2024 in water system infrastructure projects that are needed to continue providing safe, reliable water service to customers throughout California. This includes approximately $
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News
- California Water Service Group (NYSE: CWT) had its price target raised by analysts at Robert W. Baird from $52.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Broker Revenue Forecasts For California Water Service Group (NYSE:CWT) Are Surging Higher [Yahoo! Finance]Yahoo! Finance
- California Water (CWT) Q1 Earnings & Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- California Water Service Group's First Quarter 2024 Financial Results Benefit from California 2021 General Rate Case Decision [Yahoo! Finance]Yahoo! Finance
- California Water Service Group’s First Quarter 2024 Financial Results Benefit from California 2021 General Rate Case DecisionGlobeNewswire
CWT
Earnings
- 4/25/24 - Beat
CWT
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- CWT's page on the SEC website