California Water (CWT) Files for Rate Hike, Plans to Invest $1.6B
California Water Service(CWT) ZACKS·2024-07-11 22:10
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 ...