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 Donates Nearly $1.9 Million to Improve ...

California Water Service Group Donates Nearly $1.9 Million to Improve Local Quality of Life in 2025 SAN JOSE, Calif., Feb. 18, 2026 (GLOBE NEWSWIRE) -- As California Water Service Group (Group) (NYSE: CWT) rings in its 100-year anniversary, the company also looks back on last year’s philanthropic giving program. With over $1.88 million donated to local organizations in 2025, contributions made benefited charitable organizations and first responders that share Group’s purpose to enhance the quality of life for those in the communities they serve, along with local students seeking higher ed...

 PRESS RELEASE

California Water Service Group Opens 13th Annual Scholarship Program t...

California Water Service Group Opens 13th Annual Scholarship Program to Students in its Service Areas SAN JOSE, Calif., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Students living in California Water Service Group’s (Group) (NYSE: CWT) California, Hawaii, New Mexico, and Washington service areas can now apply for the company’s 13th annual Scholarship Program. Up to $80,000 in scholarship funds are available to help offset the cost of post-secondary education. To be eligible for one of four $10,000 grand-prize scholarships or additional scholarships ranging from $2,500 to $5,000, applicants must pl...

 PRESS RELEASE

California Water Service Group Schedules 2025 Full-Year and Fourth-Qua...

California Water Service Group Schedules 2025 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call SAN JOSE, Calif., Feb. 05, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2025 full-year and fourth-quarter earnings results will be released after market-close on Wednesday, February 25, 2026, and its earnings conference call will be held at 11:00 a.m. ET on Thursday, February 26, 2026. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800-715-9871 or 1-646-30...

 PRESS RELEASE

California Water Service Group Chairman & CEO Marty Kropelnicki Named ...

California Water Service Group Chairman & CEO Marty Kropelnicki Named to Newly Established CalCEO Council SAN JOSE, Calif., Feb. 03, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) Chairman and Chief Executive Officer Martin (Marty) Kropelnicki has joined a diverse team of top California CEOs to form the CalCEO Council, an advisory group created to help strengthen the state’s economy. Established by the California Foundation for Commerce & Education, which is affiliated with the California Chamber of Commerce, CalCEO brings together 22 experienced business leaders fro...

 PRESS RELEASE

California Water Service Group Board of Directors Announces 59th Annua...

California Water Service Group Board of Directors Announces 59th Annual Dividend Increase and Declares 324th Consecutive Quarterly Dividend SAN JOSE, Calif., Jan. 28, 2026 (GLOBE NEWSWIRE) -- To kick off its Centennial Celebration, California Water Service Group (NYSE:CWT) declared its 324th consecutive quarterly dividend in the amount of $0.3350 per common share, payable on February 20, 2026, to stockholders of record as of the close of business on February 9, 2026. The quarterly dividend increase follows the Board of Directors’ announcement of its intent to increase the annual dividend ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch