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November 30, 2015 9:52 AM ET

Water Utilities

Company Overview of The Connecticut Water Company

Company Overview

The Connecticut Water Company, a regulated water utility, supplies water for residential, commercial, industrial, and municipal customers in Connecticut. It also provides compliance reporting, water quality sample collections, surface water treatment rule reporting, system flushing, valve and hydrant maintenance, instrument calibration, PLC programming, systems integration, routine and emergency maintenance, leak detection, meter services, cross connection services, billing, collection, mapping/drafting, and engineering services, as well as tapping, line stopping, and valve insertion services. The company was founded in 1956 and is based in Clinton, Connecticut with additional offices in Dan...

93 West Main Street

Clinton, CT 06413

United States

Founded in 1956





Key Executives for The Connecticut Water Company

Chairman of the Board, Chief Executive Officer and President
Age: 55
Chief Financial Officer, Vice President of Finance and Treasurer
Age: 58
Director, President of The Maine Water Company and President of Biddeford & Saco Water Company
Age: 59
Principal Accounting Officer and Controller
Age: 61
Vice President of Human Resources and Corporate Secretary
Age: 48
Compensation as of Fiscal Year 2015.

The Connecticut Water Company Key Developments

The Connecticut Water Company Provides Capital Spending Guidance for the Year 2015

The Connecticut Water Company provided capital spending guidance for the year 2015. The Board of Directors approved $47.6 million capital spending plan for the year 2015. The capital spending plan also includes $17.9 million in treatment plant and lab improvements. The majority is allocated to a major upgrade at Connecticut Water's Rockville Water Treatment Plant. The Plant will undergo a major treatment technology update utilizing newer Dissolved Air Flotation technology to provide high-quality water to customers more efficiently and effectively.

The Connecticut Water Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

The Connecticut Water Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company announced net income applicable to common shareholders of $3.0 million in the first quarter of 2014. This was an increase of approximately 14% from the $2.6 million reported in the same period of 2013. Connecticut Water's earnings per basic average share (EPS) in the first quarter of 2014 was $0.27 compared to an EPS of $0.24 during the same period of 2013. Operating revenues were $20.3 million against $19.7 million and total revenues were $22.0 million against $21.5 million reported last year. Total utility operating income was $4.1 million against $3.6 million reported last year. Book value per share was $17.93 against $16.93 reported a year ago.

The Connecticut Water Company Promotes Craig J. Patla to the Position of Vice President of Service Delivery, Effective from April 1, 2014

The board of directors of Connecticut Water Service Inc. approved the promotion of Craig J. Patla to Vice President of Service Delivery for The Connecticut Water company, effective April 1, 2014. In this new role, Mr. Patla will oversee the company's operations, engineering, water quality and service delivery teams. He joined the company as an engineer, overseeing the design and construction of various water infrastructure projects including water treatment plants, pump stations, and water main installations.

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