SAN JOSE, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Water conservation efforts have reduced California Water Service (Cal Water) customers' bills by as much as 20.5 percent over the last 15 years compared to what they would have been without those efforts, according to a new study released by the Alliance for Water Efficiency (AWE). Cal Water's water efficiency and conservation measures during that time decreased operating costs, which in turn saved customers money. Water conservation has been shown to be t ...

文章核心观点 - 加利福尼亚水务集团(CWT)将于8月1日公布2024年第二季度业绩 [1] - 公司过去4个季度的平均盈利惊喜为85.16% [1] - 公司第二季度的每股收益可能受益于在其服务区域实施新的水费率 [2] - 但公司的盈利可能受到较高的水生产费用和折旧摊销费用的不利影响 [3] 公司业绩分析 - 公司第二季度销售额预计为2.003亿美元,同比增长3.2% [4] - 每股收益预计为0.39美元,同比增长129.4% [5] - 公司目前的扎克斯排名为3,这种情况下公司很难出现盈利超预期 [6][8] 同行业公司表现 - AES公司(AES)第二季度业绩可能超预期,目前有10.2%的收益ESP和2级扎克斯排名 [10][11] - 泽克斯能源公司(XEL)第二季度业绩可能超预期,目前有6.12%的收益ESP和2级扎克斯排名 [12][13] - 南方公司(SO)第二季度业绩可能超预期,目前有0.38%的收益ESP和3级扎克斯排名 [14][15]

SAN JOSE, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 second quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, August 1, 2024. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800-715-9871 or 1-646-307-1963 and key in ID# 5681819, or you may access the live audio webcast at https://edge.media-serv ...

California Water Service Group’s (CWT) unit California Water Service (Cal Water) has recently submitted plans to the California Public Utilities Commission for the improvement of the water infrastructure from 2025 to 2027. This filing is part of a general rate case. The review process will take nearly 18 months and become effective after January 2026.Cal Water plans to invest more than $1.6 billion in infrastructure development during the 2025-2027 period. Around 46% of the planned expenditure is reserved f ...

文章核心观点 - 公司提交基础设施改善计划,计划在2025-2027年期间投资超过16亿美元,其中包括13亿美元的新资本投资 [1][3] - 公司提出低用水权益计划,旨在提高低用水和低收入客户的负担能力,同时保持公司收入目标 [5] - 公司提出2026年总收入增加17.1%,2027年增加7.7%,2028年增加8.1%,以支持上述投资计划 [6] 基础设施改善计划 - 约46%的新基础设施改善计划将用于更换老化的管道,以提高供水可靠性 [3] - 还包括水质升级、基础设施更换、应急备用电源和太阳能项目、安全性提升、水源保护等 [3][4] - 部署高级计量基础设施,以支持节水和提高用水效率 [4] 低用水权益计划 - 该计划旨在与公司提出的累进四级费率设计和销售预测建议配合使用,提高可负担性,特别是针对低用水和低收入客户 [5] - 该计划将收入与用水量脱钩,以确保公司能够及时收回授权收入 [5]

SAN JOSE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- To continue providing safe, clean, reliable tap water to customers across the communities it serves, California Water Service (Cal Water)—the largest subsidiary of California Water Service Group (NYSE:CWT)—yesterday submitted Infrastructure Improvement Plans for its California districts from 2025-2027 in its General Rate Case (GRC) filing with the California Public Utilities Commission (CPUC). The application also proposes a Low-Use Water Equity Program, w ...

SAN JOSE, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) commends the decision issued today by the California Supreme Court that preserves decoupling as a rate-making mechanism, protects water utilities' due process rights, and enables them to maintain financial stability, all while encouraging water conservation and helping protect customers at the same time. The ruling was issued in response to the Low-Income Ratepayer Assistance Phase 1 Decision (D. 20-08-047) made by the ...

文章核心观点 - 加州最高法院裁定,保留了"分离费率"作为一种费率制定机制,维护了水务公司的正当程序权利,并有助于保持公司的财务稳定,同时鼓励节水并保护客户利益[1][2][3] - 法院认为,加州公用事业委员会(CPUC)在取消"分离费率"时未遵守州议会规定的法定程序和CPUC自身的规则,未能给予公司充分的机会来证明"分离费率"的有效性[2] 公司概况 - 加州水务公司(Cal Water)为超过200万人提供高质量、可靠的水务服务,拥有497,700个服务连接[4] - 公司的目标是提高客户和社区的生活质量,负责任地投资于水和废水基础设施、可持续性举措和社区福祉[4] - 公司拥有1,100多名员工,秉持坚定的核心价值观,致力于保护地球、关爱人民和以最高诚信经营[4] - 公司被评为"美国最负责任公司"和"世界最值得信赖公司"[4] 公司立场 - 保护客户利益是公司的首要任务,公司很高兴法院裁定支持水务公司维护正当程序权利,并有机会证明"分离费率"的有效性[3] - "分离费率"是一个重要工具,有助于在推广节水以确保未来供水的同时,保持客户费率的可负担性[3]

SAN JOSE, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- As part of its commitment to enhance the quality of life for those it serves, California Water Service Group (Group) has awarded $80,000 in college scholarships to 12 of the best and brightest California, Hawaii, and Washington students for the 2024-25 academic year. This year, Group is investing in the education of students in its service areas who plan to change their communities through their study of everything from artificial intelligence to neuroscie ...

SAN JOSE, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- As part of its commitment to enhance the quality of life for those it serves, California Water Service Group (Group) has awarded $80,000 in college scholarships to 12 of the best and brightest California, Hawaii, and Washington students for the 2024-25 academic year. This year, Group is investing in the education of students in its service areas who plan to change their communities through their study of everything from artificial intelligence to neuroscie ...