California Water Service Group Invests $471 Million in Infrastructure in 2024 to Make Water Systems Safer, More Resilient
06 Marzo 2025 - 10:15PM
To enhance water safety and reliability for its customers and
communities, California Water Service Group (Group) (NYSE: CWT)
invested a record $471 million in capital improvements throughout
its service areas in 2024. Infrastructure improvements completed
last year exceeded the previous high investment recorded in 2023 by
$87 million.
Group subsidiary California Water Service’s annual Main
Replacement Program, the largest portion of the company’s
infrastructure improvement plans, accounted for $156 million in
completed projects. The company installed 189,135 feet of pipe, or
nearly 36 miles, in 2024 through this program. Other notable
infrastructure projects last year included:
- 124 storage and pressure tank replacements or retrofits to
augment available water supplies and regulate fluctuations in water
pressure.
- 110 water treatment facility improvements to continue meeting
or surpassing all primary and secondary water quality
standards.
- 27 Supervisory Control and Data Acquisition (SCADA) system
upgrades to improve monitoring and efficient operation of
facilities throughout the company’s service areas.
- 26 generator and motor control center installations or
replacements to help keep systems operating properly during both
routine operations and power outages or shutoffs.
“Increasing last year’s capital investments by 23% over 2023
helps with wildfire hardening and improving resiliency and
sustainability, reflecting our team’s rigorous focus on providing
quality, service, and value to our customers,” said Marty
Kropelnicki, Group Chairman and CEO. “Consistently, proactively,
and strategically upgrading water and wastewater system
infrastructure not only helps us deliver safe, clean, and reliable
drinking water for our customers’ everyday and emergency needs, but
it also helps keep service affordable by avoiding more costly
issues in the future. This commitment to affordability has enabled
customers to still pay about a penny per gallon in each of our
service areas.”
About California Water Service GroupCalifornia
Water Service Group is the largest regulated water utility in
the western United States. It provides high-quality, reliable water
and/or wastewater services to more than 2.1 million people in
California, Hawaii, New Mexico, Washington, and Texas through its
regulated subsidiaries, California Water Service, Hawaii Water
Service, New Mexico Water Service, and Washington Water Service,
and its utility holding company, Texas Water Service.
Group’s purpose is to enhance the quality of life for customers,
communities, employees, and stockholders. To do so, it invests
responsibly in water and wastewater infrastructure, sustainability
initiatives, and community well-being. The company’s 1,200+
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 company has been named one
of “America’s Most Responsible Companies” and the “World’s Most
Trustworthy Companies” by Newsweek, a Top Workplace, and a Great
Place to Work®. More information is available
at www.calwatergroup.com.
Media ContactYvonne
Kingmanykingman@calwater.com310-257-1434
Grafico Azioni California Water Service (NYSE:CWT)
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Da Feb 2025 a Mar 2025
Grafico Azioni California Water Service (NYSE:CWT)
Storico
Da Mar 2024 a Mar 2025