Last $31.89 USD
Change Today -0.26 / -0.81%
Volume 21.2K
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As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

93 West Main Street

Clinton, CT 06413

United States

Phone: 860-669-8636


Connecticut Water Service, Inc., through its subsidiaries, operates as a regulated water company in Connecticut. The company’s water activities are carried out within its regulated water companies, Connecticut Water, The Maine Water Company (Maine Water) and The Biddeford & Saco Water Company (BSWC), collectively referred to as the ‘Regulated Companies’. As of December 31, 2012, the Regulated Companies supplied water to 121,791 customers in 76 municipalities throughout Connecticut and Maine. The company’s two active unregulated companies include Chester Realty, Inc., a real estate company in Connecticut; and New England Water Utility Services, Inc. (NEWUS), which provides contract water and sewer operations and other water related services. Segments The company operates in three segments: Water Activities (regulated companies), Real Estate Transactions (through either regulated or unregulated companies), and Services and Rentals (unregulated companies). Water Activities – The Water Activities segment includes the company’s core regulated water activities to supply public drinking water to customers. This segment encompasses all transactions of regulated companies with the exception of certain real estate transactions. Real Estate Transactions – The Real Estate Transactions segment involves the sale or donation for income tax benefits of the company’s real estate holdings. These transactions can be effected by any of its subsidiary companies. During 2012, the company finalized a land sale with the Town of Plymouth, Connecticut to sell approximately 175 acres of land for open space and recreational purposes. Services and Rentals: The Services and Rentals segment provides contracted services to water and wastewater utilities and other clients and also leases certain of properties to third parties through its unregulated companies in the state of Connecticut and through Maine Water in the state of Maine. The types of services provided include contract operations of water and wastewater facilities; Linebacker, its service line protection plan for public drinking water customers; and providing bulk deliveries of emergency drinking water to businesses and residences via tanker truck. Linebacker is an optional service line protection program offered by the company to eligible residential customers through NEWUS covering the cost of repairs for leaking or broken water service lines which provide drinking water to a customer's home. For customers who enroll in this program, the company would repair or replace a leaking or broken water service line, curb box, curb box cover, meter pit, meter pit cover, meter pit valve plus in-home water main shut off valve before the meter. As of December 31, 2012, the company had 20,673 customers enrolled in its Linebacker protection program. Water Systems As of December 31, 2012, the company’s water infrastructure consists of 77 noncontiguous water systems in the States of Connecticut and Maine. Its system, in total, consists of approximately 2,100 miles of water main and reservoir storage capacity of 8.5 billion gallons. It supplies water, and in most cases, fire protection to all or portions of 76 towns throughout Connecticut and Maine. History Connecticut Water Service, Inc. was founded in 1956.


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Valuation CTWS Industry Range
Price/Earnings 19.0x
Price/Sales 3.8x
Price/Book 1.8x
Price/Cash Flow 12.1x
TEV/Sales 1.8x

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