California Water Service Group’s First Quarter 2024 Financial Results Benefit from California 2021 General Rate Case Decision
A decision on the 2021 California General Rate Case and Infrastructure Improvement Plan (2021 GRC) that authorizes implementation of beneficial regulatory mechanisms, increased revenues, and approximately $1.2 billion in infrastructure improvement projects.
- A decision on the 2021 California General Rate Case and Infrastructure Improvement Plan (2021 GRC) that authorizes implementation of beneficial regulatory mechanisms, increased revenues, and approximately $1.2 billion in infrastructure improvement projects.
- Adoption of the 2021 GRC decision increased revenue $111.8 million, including $87.9 million in retroactive interim rate relief related to 2023.
- As previously announced, on March 7, 2024, the California Public Utilities Commission (CPUC) issued a decision on the 2021 GRC for California Water Service (Cal Water), the largest subsidiary of the Company.
- Group's utilities Cal Water, Hawaii Water Service (Hawaii Water), New Mexico Water Service (New Mexico Water), and Washington Water Service (Washington Water) have a rigorous, coordinated water quality assurance program, which includes protocols to test and monitor the water they deliver to customers.