California Water Service Group Subsidiary Begins Providing Regulated Water Service to Travis Air Force Base
California Water Service Group (CWT)
Last california water service group earnings: 4/30 09:00 am
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US:NYSE Investor Relations:
ir.calwatergroup.com
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Source: GlobeNewswire
SAN JOSE, Calif., July 01, 2019 (GLOBE NEWSWIRE) -- (NYSE: CWT) — California Water Service (Cal Water), the largest subsidiary of California Water Service Group, took ownership of and began operating the Travis Air Force Base (TAFB) water system today. Cal Water and TAFB officials commemorated the acquisition with a ribbon-cutting and open house at the base. As part of the contract with the U.S. Department of Defense and decision by the California Public Utilities Commission (CPUC), Cal Water will provide CPUC-regulated water service to the base for a term of 50 years. The utility will operate, maintain, and upgrade the water system infrastructure that serves TAFB’s more than 15,000 active and reserve personnel and civilians. Cal Water plans to make initial capital improvements of about $12.7 million on the 6,400-acre base within the first five years, and make an expected total capital investment of about $52 million over the 50-year term. “At Cal Water, we like to say that we wor
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