California State Water Resources Control Board

California Water Service Group Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023

SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced net income attributable to Group of $34.4 million and diluted earnings per share of $0.60 for the quarter ended September 30, 2023, as compared to net income attributable to Group of $55.9 million and diluted earnings per share of $1.03 for the quarter ended September 30, 2022.

Key Points: 
  • SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced net income attributable to Group of $34.4 million and diluted earnings per share of $0.60 for the quarter ended September 30, 2023, as compared to net income attributable to Group of $55.9 million and diluted earnings per share of $1.03 for the quarter ended September 30, 2022.
  • Third quarter results primarily reflect the impact of the delayed proposed decision from the California Public Utilities Commission ("CPUC") on California Water Service Company’s (“Cal Water”) pending 2021 general rate case (“GRC”) to set new rates, rate design, and regulatory mechanisms.
  • Operating revenue was $255.0 million for the quarter ended September 30, 2023, compared to $266.3 million for the same period in 2022.
  • Water production costs increased $3.6 million, or 4.1%, to $92.3 million in 2023 compared to $88.7 million in 2022.

California Water Service Group Board of Directors Declares 315th Consecutive Quarterly Dividend

Retrieved on: 
Wednesday, October 25, 2023

SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 315th consecutive quarterly dividend in the amount of $0.26 per common share.

Key Points: 
  • SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 315th consecutive quarterly dividend in the amount of $0.26 per common share.
  • California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company.
  • Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas.
  • California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com .

California American Water Lifts Boil Water Notice for its San Diego County District

Retrieved on: 
Sunday, August 27, 2023

California American Water has lifted a boil water advisory that was in place for its San Diego County District.

Key Points: 
  • California American Water has lifted a boil water advisory that was in place for its San Diego County District.
  • Effective Saturday August 26th at 4:36pm the boil water advisory has been lifted and customers in California American Water’s San Diego County District no longer need to boil water or consume bottled water.
  • California American Water, in conjunction with the State Water Resources Control Board's Division of Drinking Water (DDW), has determined that, after comprehensive testing, the water is safe to drink in the San Diego County District.
  • California American Water is dedicated to safeguarding the health and well-being of our customers and the community, and we will always hold water quality paramount.

California Water Service Group Announces Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023

SAN JOSE, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced net income attributable to Group of $9.6 million and diluted earnings per share of $0.17 for the quarter ended June 30, 2023, as compared to net income attributable to Group of $19.5 million and diluted earnings per share of $0.36 for the quarter ended June 30, 2022.

Key Points: 
  • SAN JOSE, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced net income attributable to Group of $9.6 million and diluted earnings per share of $0.17 for the quarter ended June 30, 2023, as compared to net income attributable to Group of $19.5 million and diluted earnings per share of $0.36 for the quarter ended June 30, 2022.
  • Second quarter results primarily reflect the impact of the delayed proposed decision from the California Public Utilities Commission ("CPUC") on California Water Service Company’s (“Cal Water”) 2021 general rate case (“GRC”).
  • Administrative and general expenses for the second quarter of 2023 increased $2.3 million, or 7.0%, to $35.0 million during the quarter, primarily due to a $1.9 million increase in labor costs.
  • Other income and expenses were $6.2 million in the second quarter of 2023, an increase of $3.3 million, or 111.9%, over the second quarter of 2022.

California Water Service Group Board of Directors Declares 314th Consecutive Quarterly Dividend

Retrieved on: 
Wednesday, July 26, 2023

SAN JOSE, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 314th consecutive quarterly dividend in the amount of $0.26 per common share.

Key Points: 
  • SAN JOSE, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 314th consecutive quarterly dividend in the amount of $0.26 per common share.
  • California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company.
  • Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas.
  • California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com .

Officials to Celebrate $80 Million in State Funding for Pure Water Southern California

Retrieved on: 
Monday, July 17, 2023

Metropolitan Water District of Southern California:

Key Points: 
  • Metropolitan Water District of Southern California:
    State, regional and local officials will commemorate $80 million in state funding that will help advance the development of Pure Water Southern California, a major water recycling program that, once built, will be among the largest in the world and produce enough water to meet the demands of 1.5 million Southern Californians.
  • Pure Water Southern California demonstration facility in Carson.
  • Cathy Warner, Los Angeles County Sanitation Districts, District 2 chair
    Backdrop/tours of the Pure Water demonstration plant, presentation of large check by state officials.
  • Once completed, Pure Water Southern California will produce up to 150 million gallons of water daily, enough to serve the demands of more than 500,000 homes.

Santa Cruz County Bank Announces New Board Member Caroline D. Chapin

Retrieved on: 
Monday, July 10, 2023

SANTA CRUZ, Calif., July 10, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank" OTCQX: SCZC) announced the appointment of Caroline D. Chapin to the Bank's Board of Directors.

Key Points: 
  • SANTA CRUZ, Calif., July 10, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank" OTCQX: SCZC) announced the appointment of Caroline D. Chapin to the Bank's Board of Directors.
  • Caroline D. Chapin is Executive Vice President of the Don Chapin Company, Inc., a General Engineering Contractor based in Salinas.
  • Ms. Chapin also serves as General Manager of Landset Engineers, Inc., a Civil Engineering Firm based in Salinas.
  • On her appointment, Ms. Chapin stated, "I am thrilled to join the Board of Directors, particularly as the Bank expands its relationships in Monterey and Salinas.

Windfall Bio Appoints Chief Operating Officer and VP of Engineering to Bring First-Ever Methane-to-Organic Fertilizer Solution to Market

Retrieved on: 
Wednesday, June 7, 2023

Notably, the company appointed Frank Crespo , a co-founder of Windfall Bio, as chief operating officer, and Jordan Smith as vice president of engineering, both leading the team to address dilute methane emissions, one of the largest and most underappreciated problems for global warming.

Key Points: 
  • Notably, the company appointed Frank Crespo , a co-founder of Windfall Bio, as chief operating officer, and Jordan Smith as vice president of engineering, both leading the team to address dilute methane emissions, one of the largest and most underappreciated problems for global warming.
  • “This team of industry ‘avengers’ is part of Windfall’s origin story and further cements our solution and its potential impact.
  • In the chief operating officer role, Crespo will work closely with the leadership team to execute Windfall Bio’s strategy, help drive company growth and establish its product supply chain.
  • “Windfall Bio is committed to understanding pain points for farmers and the agriculture industry in adopting technologies to address methane emissions,” said Crespo, co-founder and COO of Windfall Bio.

Water Quality Reports Show Excellent Results for California American Water Customers

Retrieved on: 
Friday, May 19, 2023

California American Water published its 2022 Consumer Confidence Reports, demonstrating high-quality water service throughout its state districts.

Key Points: 
  • California American Water published its 2022 Consumer Confidence Reports, demonstrating high-quality water service throughout its state districts.
  • The annual reports compare California American Water’s water quality with standards established by the U.S. Environmental Protection Agency and the California State Water Resources Control Board, Division of Drinking Water.
  • “We are pleased to announce that our 2022 reports demonstrate excellent water quality that meets and exceeds all regulatory standards,” said Kevin Tilden, President of California American Water.
  • “We hope that customers will find these reports educational and helpful in answering the questions they may have about the state of their water.”
    Customers can look up their water quality reports by zip code by visiting: Water Quality Reports

ACWA Spring Conference Explores Top California Water Issues

Retrieved on: 
Thursday, May 4, 2023

SACRAMENTO, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- The Association of California Water Agencies (ACWA) Spring Conference & Expo May 10-11 will draw local water agency leaders from throughout California to Monterey for updates, analyses and perspectives on multiple issues affecting the state’s water community.

Key Points: 
  • SACRAMENTO, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- The Association of California Water Agencies (ACWA) Spring Conference & Expo May 10-11 will draw local water agency leaders from throughout California to Monterey for updates, analyses and perspectives on multiple issues affecting the state’s water community.
  • The conference will also focus on leading policy issues such as water rights modernization and funding for water infrastructure, which will play an essential role in how California achieves climate resilience.
  • Keynote speakers will include California State Water Resources Control Board Chair E. Joaquin Esquivel, sharing his perspectives on key issues before the board that affect both urban and agricultural water agencies.
  • ACWA is a statewide association of public agencies whose more than 460 members are responsible for about 90% of the water delivered in California.