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Stock impact report

California Water Service Asks to Delay Rate Changes

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., April 29, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today that its California subsidiary, California Water Service (Cal Water), has requested that the California Public Utilities Commission (CPUC) delay upcoming rate changes due to the current COVID-19 pandemic, and has committed to deferring other bill increases during 2020. In a motion filed Tuesday, April 28, 2020 in its 2018 General Rate Case, Cal Water recognized the impact the current crisis may be having on its customers. While requesting that the CPUC move forward with a final decision in the case so Cal Water can complete its Infrastructure Improvement Plan and appropriately plan for its next General Rate Case, Cal Water proposed that any rate changes be postponed to January 1, 2021. The CPUC has authorized Cal Water to record the difference between existing rates and final rates from January 1, 2020 through the time final rates are implemented in a memorandum a Show less Read more
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