California Water Service Group, through its wholly-owned subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company’s six operating subsidiaries include California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water), and CWS Utility Services and HWS Utility Services LLC (CWS Utility Services and HWS Utility Services LLC being referred to as 'Utility Services'). Cal Water, New Mexico Water, Washington Water, and Hawaii Water are regulated public utilities. The regulated utility entities also provide some non-regulated services. Utility Services provides non-regulated services to private companies and municipalities. Regulated Business The company's water operations are conducted by the Cal Water and CWS Utility Services entities, which provide service to approximately 473,100 customers in 83 California communities through 25 separate districts. Of these 25 districts, 23 districts are regulated water systems, which are subject to regulation by the California Public Utilities Commission (CPUC). Cal Water operates two leased water systems, the City of Hawthorne and the City of Commerce, which are governed through their respective city councils and are outside of the CPUC's jurisdiction. The company operates the City of Hawthorne and the City of Commerce water systems under lease agreements. Cal Water owns 629 wells and operates 4 leased wells. There are 434 owned storage tanks with a capacity of 492 million gallons, 3 leased storage tanks with a capacity of 0.7 million gallons, 36 managed storage tanks with a capacity of 30 million gallons, and 3 reservoirs with a capacity of 250 million gallons. Cal Water owns and operates 6 surface water treatment plants with a combined capacity of 46 million gallons per day. There are 5,759 miles of supply and distribution mains in the various systems. Hawaii Water provides service to approximately 4,200 water and wastewater customers on the islands of Maui and Hawaii, including various large resorts and condominium complexes. Hawaii's regulated operations are subject to the jurisdiction of the Hawaii Public Utilities Commission. Hawaii Water owns 20 wells and manages 5 irrigation wells. There are 24 storage tanks with a storage capacity of 20 million gallons. There are 70 miles of supply and distribution lines. Hawaii Water operates 5 wastewater treatment facilities with a combined capacity to process approximately 1.7 million gallons per day. There are 26 miles of sewer collection mains. Washington Water provides domestic water service to approximately 15,800 customers in the Tacoma and Olympia areas. Washington Water's utility operations are regulated by the Washington Utilities and Transportation Commission. Washington Water owns 341 wells and manages 113 wells. There are 127 owned storage tanks and 41 managed storage tanks with a storage capacity of 9 million gallons. There are 328 miles of supply and distribution lines. New Mexico Water provides service to approximately 7,600 water and wastewater customers in the Belen, Los Lunas, and Elephant Butte areas in New Mexico. New Mexico's regulated operations are subject to the jurisdiction of the New Mexico Public Regulation Commission. New Mexico Water owns 17 wells. There are 12 storage tanks with a storage capacity of 4 million gallons. There are 134 miles of supply and distribution lines. New Mexico operates 2 waste water treatment facilities with a combined capacity to process 0.5 million gallons per day. There are 34 miles of sewer collection mains. Non-Regulated Businesses Under other non-regulated contract arrangements, the company operates municipally owned water systems, privately owned water systems, and recycled water distribution systems. Its non-regulated activities consist primarily of operating water and waste water systems, which are owned by other entities; providing meter reading and billing services; leasing communication antenna sites on its properties; operating recycled water systems; providing lab services for water quality testing; billing of optional third-party insurance program to residential customers; selling surplus property; and other services as requested by the client. The company provides operating and maintenance, meter reading and customer billing services for various municipalities in California. It also provides sewer and refuse billing services to various municipalities. The company leases antenna sites to telecommunication companies, which place equipment at various company-owned sites. Seasonality The company’s water business is seasonal in nature. Customer demand for water is lower during the cooler and rainy, winter months. Demand increases in the spring when warmer weather returns and the rains end, and customer use more water for outdoor purposes, such as landscape irrigation. Warm temperatures during the generally dry summer months result in increased demand. Water usage declines during the fall as temperatures decrease and the rainy season begins. As a result, seasonality of water usage has a significant impact on its cash flows from operations and borrowing on its short-term facilities. History California Water Service Group was founded in 1926.
california water service grp
(CWT:New York Consolidated)
1720 North First Street
San Jose, CA 95112
|American States Water Co||$31.75 USD||+0.27|
|Artesian Resources Corp||$21.93 USD||+0.19|
|Connecticut Water Service Inc||$32.15 USD||-0.18|
|Middlesex Water Co||$20.84 USD||+0.24|
|SJW Corp||$27.52 USD||+0.08|
|View Industry Companies|
Sponsored Financial Commentaries
To contact CALIFORNIA WATER SERVICE GRP, please visit www.calwatergroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.