July 12, 2014 12:49 AM ET

Water Utilities

Company Overview of The Connecticut Water Company

Company Overview

The Connecticut Water Company, a regulated water utility, supplies water for residential, commercial, industrial, and municipal customers in Connecticut. It also provides compliance reporting, water quality sample collections, surface water treatment rule reporting, system flushing, valve and hydrant maintenance, instrument calibration, PLC programming, systems integration, routine and emergency maintenance, leak detection, meter services, cross connection services, billing, collection, mapping/drafting, and engineering services, as well as tapping, line stopping, and valve insertion services. The company was founded in 1956 and is based in Clinton, Connecticut with additional offices in Dan...

93 West Main Street

Clinton, CT 06413

United States

Founded in 1956

Phone:

860-669-8630

Fax:

860-669-9326

Key Executives for The Connecticut Water Company

Chairman of the Board
Age: 54
Chief Financial Officer
Age: 57
Director
Age: 58
Principal Accounting Officer and Controller
Age: 60
Vice President of Human Resources and Corporate Secretary
Age: 47
Compensation as of Fiscal Year 2014.

The Connecticut Water Company Key Developments

The Connecticut Water Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

The Connecticut Water Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company announced net income applicable to common shareholders of $3.0 million in the first quarter of 2014. This was an increase of approximately 14% from the $2.6 million reported in the same period of 2013. Connecticut Water's earnings per basic average share (EPS) in the first quarter of 2014 was $0.27 compared to an EPS of $0.24 during the same period of 2013. Operating revenues were $20.3 million against $19.7 million and total revenues were $22.0 million against $21.5 million reported last year. Total utility operating income was $4.1 million against $3.6 million reported last year. Book value per share was $17.93 against $16.93 reported a year ago.

The Connecticut Water Company Promotes Craig J. Patla to the Position of Vice President of Service Delivery, Effective from April 1, 2014

The board of directors of Connecticut Water Service Inc. approved the promotion of Craig J. Patla to Vice President of Service Delivery for The Connecticut Water company, effective April 1, 2014. In this new role, Mr. Patla will oversee the company's operations, engineering, water quality and service delivery teams. He joined the company as an engineer, overseeing the design and construction of various water infrastructure projects including water treatment plants, pump stations, and water main installations.

Connecticut Water Service, Inc. and The Connecticut Water Company Announce Management Change

On March 31st, 2014, Connecticut Water Service Inc. and The Connecticut Water Company (CWC) accepted the retirement of Terrance P. O'Neill, Vice President - Service Delivery. Mr. O'Neill has served as the company's Vice President - Service Delivery since 1993 and as a CWC employee since 1980. Mr. O'Neill has resigned his position as an officer of the company and his related officer and director positions with CWC and the other subsidiaries of the company, all to be effective as of April 1, 2014. Mr. O'Neill will remain an employee of CWC until his retirement on September 30, 2014.

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