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California Water Service
As of May 30, 2026 at 24:05 UTC
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About California Water Service
California Water Service Group is a U.S. water and utilities holding company based in California. The company provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its wholly-owned subsidiaries. The bulk of the company's business consists of the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, and the provision of water for domestic and municipal fire protection services.
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Latest News
5 articlesThe California Public Utilities Commission approved California Water Service's 2024 General Rate Case, authorizing revenue increases of $90.5 million (10.9%) in 2026, $43.2 million (4.7%) in 2027, and $48.9 million (5.1%) in 2028. The decision enables $1.45 billion in infrastructure investments through 2027 for water quality, pipe upgrades, and security improvements, with new rate mechanisms to support financial stability and customer affordability.
California Water Service Group reported Q1 2026 net income of $4.0 million ($0.07 per diluted share), down from $13.3 million in Q1 2025, as results await final approval of the 2024 California General Rate Case. The company received a revised proposed decision authorizing rate increases of 10.9% in 2026, 4.7% in 2027, and 5.1% in 2028. Additionally, the company announced an agreement to acquire Nexus Water Group's Nevada and Oregon systems for approximately $218 million, and increased its annual dividend by 8% to $1.34 per share.
California Water Service Group (NYSE: CWT) announced its 325th consecutive quarterly dividend of $0.3350 per common share, payable on May 22, 2026. The declaration demonstrates the company's consistent commitment to returning value to shareholders and reflects its stable financial position as the largest regulated water utility in the western United States.
The California Public Utilities Commission issued a proposed decision authorizing California Water Service (largest subsidiary of California Water Service Group) additional revenues of $92.3 million in 2026 (11.1% rate increase), $50.8 million in 2027 (5.5% increase), and $52.4 million in 2028 (5.4% increase). The decision reauthorizes revenue adjustment mechanisms and establishes a sales reconciliation mechanism, though it did not approve the company's decoupling request. A final decision is expected by April 30, 2026.
California Water Service Group marked its 100-year anniversary by announcing over $1.88 million in charitable donations made in 2025 to local organizations, first responders, and students across its service areas in California, Hawaii, New Mexico, and Washington. The contributions included $186,000 to nine fire departments, $80,000 in scholarships to 13 students, and over $100,000 for Palisades and Eaton Fire relief efforts.