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Stock impact report

Washington Water Service Files Proposal to Adjust Rates for Infrastructure Investments Made to Upgrade Water Systems

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
GIG HARBOR, Wash., July 06, 2018 (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (NYSE:CWT), this week filed a proposal with the Washington Utilities and Transportation Commission to reflect infrastructure investments made since 2014 and increases in its operating costs. The last rate adjustment for the utility went into effect in February 2015 for improvements made in 2013 and earlier. Investments made in Washington Water’s systems include new pumping equipment and water mains to reliably deliver water to customers, water treatment facilities to meet water quality standards, wells to increase supply, and storage tanks to augment reserve supplies for customers’ everyday needs and firefighters’ emergency resources. If approved as proposed, Washington Water would increase annual revenues by $1.64 million, or 13.8%, with any rate changes becoming effective as soon as August 2018. “We are committed to providing a reliable Show less Read more
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