CWT California Water Service Group

Cal Water Secures $83 Million in Additional State Funding to Relieve Customers of Past-Due Balances Accumulated During Pandemic

Cal Water Secures $83 Million in Additional State Funding to Relieve Customers of Past-Due Balances Accumulated During Pandemic

SAN JOSE, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- With financial impacts of COVID-19 felt by California Water Service (Cal Water) customers well past the height of the pandemic, Cal Water applied for and has received more than $83.0 million through the California Extended Water and Wastewater Arrearage Payment Program (Extended Program) to relieve residential and commercial customers of past-due balances incurred during the pandemic.

The Extended Program, administered by the State Water Resources Control Board, enables water suppliers to apply for financial support on behalf of customers. Cal Water first secured more than $20.8 million about two years ago through the original Water & Wastewater Arrearage Payment Program (Original Program) for past-due balances incurred by residential and commercial customers between March 4, 2020, and June 15, 2021. Through the Extended Program, past-due debt incurred between June 16, 2021, and December 31, 2022, became eligible.

Cal Water will apply credits to affected customers’ accounts in the second quarter of 2024. Customers across all of Cal Water’s service areas will be notified directly if a credit will be applied to their accounts.

Customers with remaining balances that pre-date the pandemic or were accrued after the Extended Program benefit period ended in 2022 may still take advantage of Cal Water’s various interest- and penalty-free payment plans or extensions, subject to certain terms and conditions, to help prevent them from being subject to potential disruptions in water service in the future. Income-eligible customers may also enroll in Cal Water’s Customer Assistance Program, which provides qualifying lower-income customers a discount on their monthly service charge.

“We wanted to apply for these funds to help customers impacted by the pandemic,” said Martin A. Kropelnicki, Cal Water Chairman & CEO. “We appreciate the funding provided by the State of California to help ease our customers’ burden, and we also encourage any customers who are still struggling financially to take advantage of our numerous assistance programs. We are here to help.”

In total, Cal Water has secured $103,875,186 through the Original and Extended Programs on behalf of its customers from the State Water Resources Control Board using federal American Rescue Plan Act funds.

About California Water Service

California Water Service provides high-quality, reliable water utility services to more than 2 million people statewide through 496,400 service connections. Cal Water’s purpose is to enhance the quality of life for customers and communities. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s 1,100+ employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The utility has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek and a Great Place to Work®, and is ranked No. 1 in Customer Satisfaction Among Large Water Utilities in the West Region* by J.D. Power. More information is available at .

*California Water Service received the highest score in the West Large segment of the J.D. Power 2023 U.S. Water Utility Residential Customer Satisfaction Study of customers’ satisfaction nationally among water customers in the US. Visit jdpower.com/awards for more details.

Contact:

Yvonne Kingman, 310-257-1434



EN
09/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on California Water Service Group

 PRESS RELEASE

California Water Service Group’s First Quarter 2024 Financial Results ...

California Water Service Group’s First Quarter 2024 Financial Results Benefit from California 2021 General Rate Case Decision SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (“Group” or “Company,” NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported results for the first quarter of 2024. Highlights included: Diluted earnings per share of $1.21 in Q1 2024, compared to a loss of $0.40 in Q1 2023.A decision on the 2021 California General Rate Case and Infrastructure Improvement ...

 PRESS RELEASE

California Water Service Group Board of Directors Declares 317th Conse...

California Water Service Group Board of Directors Declares 317th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase SAN JOSE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- At its meeting on April 24, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 317th consecutive quarterly dividend in the amount of $0.28 per common share. It will be payable on May 17, 2024 to stockholders of record as of the close of business on May 6, 2024. California Water Service Group is the parent company of regulated utilities California Water ...

 PRESS RELEASE

California Water Service Group Moving Forward to Install PFAS Treatmen...

California Water Service Group Moving Forward to Install PFAS Treatment Despite CPUC Dismissal of Request to Track Capital Costs in Pre-Approved Memorandum Account SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) reaffirmed its commitment to investing an estimated $215 million in PFAS treatment and to working as quickly as possible to complete planned projects, despite a decision today by the California Public Utilities Commission to dismiss California Water Service’s (Cal Water’s) application requesting authorization to modify a prev...

 PRESS RELEASE

California Water Service Districts Already Treating for Chromium-6, Wi...

California Water Service Districts Already Treating for Chromium-6, Will Meet New State Water Quality Standard SAN JOSE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) confirmed today that its water systems will meet the new state maximum contaminant level (MCL) of 10 parts per billion (ppb) for chromium-6, which was adopted today by the State Water Resources Control Board. Cal Water developed and installed treatment for the contaminant in its impacted water systems in Dixon, Oak Hills (Salinas), Las Lomas (Salinas), and Willows when the same chromium-6...

 PRESS RELEASE

California Water Service Group Utilities Prepared to Comply with New P...

California Water Service Group Utilities Prepared to Comply with New PFAS Regulations SAN JOSE, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- Following the U.S. Environmental Protection Agency’s (EPA) adoption of a new National Primary Drinking Water Regulation for certain per- and polyfluoroalkyl substances (PFAS) today (new PFAS regulation), California Water Service Group (Group) (NYSE: CWT) confirmed that it believes its subsidiaries are well positioned to treat potentially impacted water sources and to meet the EPA’s five-year compliance timeline. Under the new PFAS regulation, EPA esta...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch