Like their municipal and privately owned counterparts, investor-owned water utilities deliver drinking water to customers' homes and businesses. After a period of considerable consolidation in the industry, only 11 investor-owned water utilities remain in the United States. Investor-owned water utilities typically appeal to conservative investors because their rates are regulated, their earnings drivers are straightforward, their dividends are steady, and their product is both essential and irreplaceable. California Water Service Group is the third largest investor-owned water utility in the United States.
If you are a securities analyst, portfolio manager, or other representative from the investment community, please contact:
Thomas F. Smegal III
Vice President, Chief Financial Officer
Phone (408) 367-8200
Feb 26, 2021
VISALIA, Calif.—California Water Service (Cal Water) will start a water infrastructure upgrade Sunday night in downtown Visalia as part of the utility's commitment to ensuring critical infrastructure remains safe and reliable. The upgrade will ensure local customers and firefighters continue to
Feb 25, 2021
SAN JOSE, Calif. , Feb. 25, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Company”) today announced net income of $96.8 million and diluted earnings per share of $1.97 for 2020, compared to net income of $63.1 million and diluted earnings per share of $1.31 in 2019.
Feb 16, 2021
TORRANCE, Calif. — California Water Service's (Cal Water) Rancho Dominguez District completed a water infrastructure upgrade in southern Redondo Beach this week that will strengthen water system reliability and infrastructure resiliency for customers' everyday needs and firefighters' emergency