Washington Water Service Files Proposal to Adjust Rates for Infrastructure Investments Made to Upgrade Water Systems
July 06 2018 - 4:30PM
Washington Water Service (Washington Water), a subsidiary of
California Water Service Group (NYSE:CWT), this week filed a
proposal with the Washington Utilities and Transportation
Commission to reflect infrastructure investments made since 2014
and increases in its operating costs. The last rate adjustment for
the utility went into effect in February 2015 for improvements made
in 2013 and earlier.
Investments made in Washington Water’s systems include new
pumping equipment and water mains to reliably deliver water to
customers, water treatment facilities to meet water quality
standards, wells to increase supply, and storage tanks to augment
reserve supplies for customers’ everyday needs and firefighters’
emergency resources. If approved as proposed, Washington Water
would increase annual revenues by $1.64 million, or 13.8%, with any
rate changes becoming effective as soon as August 2018.
“We are committed to providing a reliable supply of safe,
high-quality water to our customers, and these improvements have
enabled us to continue meeting their everyday needs plus ensured
that firefighters and other first responders have sufficient
resources to protect our communities,” said Paul Townsley, Vice
President of Regulatory Matters. “At the same time, we have
maintained our efforts to reduce costs and operate efficiently so
that we keep the impact to our customers as low as possible. This
is part of our promise to provide quality, service, and value.”
Washington Water serves 16,800 customer connections in nearly
200 water systems throughout the state. One of the largest
regulated water utilities in the state, Washington Water (as Harbor
Water and South Sound Utilities) has provided water service there
since 1970. Washington Water is a subsidiary of California Water
Service Group (NYSE:CWT). Additional information may be obtained
online at www.wawater.com.
Contact: Matt Brown (360) 491-3760
California Water Service (NYSE:CWT)
Historical Stock Chart
From Aug 2024 to Sep 2024
California Water Service (NYSE:CWT)
Historical Stock Chart
From Sep 2023 to Sep 2024