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Stock impact report

California Public Utilities Commission Approves California Water Service Provision of Regulated Water Service to Travis Air Force Base

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., Dec. 13, 2018 (GLOBE NEWSWIRE) -- The California Public Utilities Commission (CPUC) voted today to approve California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), owning and operating the Travis Air Force Base (TAFB) water system as a regulated water utility district. The decision enables Cal Water to acquire the water distribution assets of TAFB from the U.S. Department of Defense and provide water utility service to the base for a term of 50 years.  Subject to the terms of the contract with the Department of Defense and the CPUC decision, Cal Water will begin serving TAFB’s more than 15,000 active and reserve personnel and civilians in 2019. The utility will operate, maintain, and upgrade the water system infrastructure; Cal Water plans to make initial capital improvements of about $12.7 million on the 6,400-acre base over the first five years, with an expected total capital investment of about $52 million over Show less Read more
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