Washington Water Service (Washington Water), a subsidiary of
California Water Service Group (NYSE: CWT), has received approval
from the Washington Utilities and Transportation Commission
(Commission) to increase annual revenues by $2.125 million,
effective July 28, 2023, to reflect upgrades made to water system
infrastructure and higher operating costs.
Major investments made in Washington Water’s systems
include:
- Three new treatment plants to remove iron and manganese,
naturally occurring arsenic, or lead and copper
- Supervisory Control and Data Acquisition (SCADA) system remote
monitoring software improvements
- 7,200 feet of new 4-, 8-, and 12-inch water main to replace
aging pipes, reduce leaks, and enhance reliability
- New booster pump station to support higher elevations
- Tank coating upgrade to extend the
life of aging tank
- Customer Care software conversion to enhance customer service
support
- Electrical and booster pump upgrades to improve fire flow
- A new well that can produce up to 275 gallons of water per
minute
Additionally, the Commission authorized funding—a portion of
which is expected to be recovered in future years—for conservation
programs, education, and outreach for the utility to help consumers
use water more efficiently.
With this filing, Washington Water has begun taking steps to
combine the East Pierce system’s rates with that of the rest of the
utility. The utility believes that a single, statewide rate
structure for all Washington Water customers in the future should
help stabilize rates across the entire customer base and reduce the
cost impact of improvements made in each system for customers.
“We take our responsibility to provide quality, service, and
value seriously, and fulfilling that means making the
infrastructure investments needed to provide high-quality, reliable
water service long-term while operating efficiently to keep costs
down,” said Martin A. Kropelnicki, Chairman and CEO. “We appreciate
the Washington Utilities and Transportation Commission’s diligent
review of our operations, costs, and service, so that rates
accurately reflect the costs of providing service and so we can
stay focused on our customers, communities, and firefighters.”
About Washington Water Service and California Water
Service GroupWashington Water Service provides
high-quality, reliable water utility service to 37,500 customer
connections in Clallam, Jefferson, Kitsap, Mason, Pierce, King, San
Juan, and Thurston counties, as well as wastewater service on Orcas
Island. It is a subsidiary of California Water Service Group (NYSE:
CWT), the largest regulated water utility in the western United
States. In total, Group serves more than 2 million people in
California, Hawaii, New Mexico, Washington, and Texas through its
regulated subsidiaries, California Water Service, Hawaii Water
Service, New Mexico Water Service, and Washington Water Service,
and its utility holding company, Texas Water Service.
What sets Washington Water and Group apart is their commitment
to enhancing the quality of life for their customers, communities,
employees, and stockholders. Guided daily by their promise to
provide quality, service, and value, the company’s employees lead
the way in working to protect the planet, care for people, and
operate with the utmost integrity. Integral to their strategy
is investing responsibly in water and wastewater infrastructure,
sustainability initiatives, and community well-being. The
company has been named one of “America’s Most Responsible
Companies” and “America’s Most Trustworthy Companies” by Newsweek
and a Great Place to Work®. More information is available
at www.wawater.com and www.calwatergroup.com.
This news release contains forward-looking statements within the
meaning established by the Private Securities Litigation Reform Act
of 1995 ("Act"). The forward-looking statements are intended to
qualify under provisions of the federal securities laws for "safe
harbor" treatment established by the Act. Forward-looking
statements in this news release are based on currently available
information, expectations, estimates, assumptions and projections,
and management's beliefs, assumptions, judgments, and expectations
about Group and its subsidiaries, the water utility industry
and general economic conditions. These statements are not
statements of historical fact. When used in our document,
statements that are not historical in nature, including words like
promise, commitment, strategy, would, expects, intends, plans,
believes, may, could, estimates, assumes, anticipates, projects,
predicts, forecasts, targets, seeks, should, or variations of such
words or similar expressions are intended to identify
forward-looking statements. The forward-looking statements are not
guarantees of future performance. They are based on numerous
assumptions that Group believes are reasonable but are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from what is contained in a forward-looking statement.
Factors that may cause actual results to be different than those
expected or anticipated include, but are not limited to: natural
disasters, public health crises, pandemics, epidemics or outbreaks
of a contagious disease; governmental and regulatory
commissions' decisions, including decisions on proper disposition
of property; consequences of eminent domain actions relating to our
water systems; changes in regulatory commissions' policies and
procedures; the timeliness of regulatory commissions' actions
concerning rate relief and other actions; changes in water quality
standards; changes in environmental compliance and water quality
requirements; electric power interruptions; housing and customer
growth trends; the impact of opposition to rate increases; our
ability to recover costs; availability of water supplies; issues
with the implementation, maintenance or security of our information
technology systems; civil disturbances or terrorist threats or
acts; the adequacy of our efforts to mitigate physical and cyber
security risks and threats; the ability of our enterprise risk
management processes to identify or address risks adequately; labor
relations matters as we negotiate with unions; changes in customer
water use patterns and the effects of conservation; the impact of
weather, climate, natural disasters, and diseases on water quality,
water availability, water sales and operating results, and the
adequacy of our emergency preparedness; and other risks and
unforeseen events. When considering forward-looking statements, you
should keep in mind the cautionary statements included in this
paragraph, as well as the Annual 10-K, Quarterly 10-Q, and other
reports filed by Group from time-to-time with the
Securities and Exchange Commission (SEC). Group is under no
obligation, and assumes no obligation, to provide public
updates of forward-looking statements, whether as a result of new
information, future events, or otherwise.
Contact: Matt Brown (360) 491-3760
California Water Service (NYSE:CWT)
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