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Last $42.07 USD
Change Today -0.25 / -0.59%
Volume 25.5K
CTWS On Other Exchanges
As of 8:10 PM 02/11/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

93 West Main Street

Clinton, CT 06413

United States

Phone: 860-669-8636


Connecticut Water Service, Inc., through its subsidiaries, operates as a regulated water company. The company’s water activities are carried out within its regulated water companies, including The Connecticut Water Company (Connecticut Water) and The Maine Water Company (Maine Water) (together the ‘Regulated Companies’). As of December 31, 2014, the Regulated Companies supplied water to 123,071 customers, representing a population of approximately 400,000, in 77 municipalities throughout Connecticut and Maine. In addition to its Regulated Companies, the company owns two active unregulated companies. The two active unregulated companies are Chester Realty, Inc., a real estate company in Connecticut; and New England Water Utility Services, Inc. (NEWUS), which provides contract water and sewer operations and other water related services. Segments The company operates through three segments: Water Activities (its regulated companies), Real Estate Transactions (through either its regulated or unregulated companies), and Services and Rentals (its unregulated companies and certain unregulated transactions within Maine Water). Water Activities This segment includes the company’s core regulated water activities to supply public drinking water to its customers. This segment includes all transactions of the company’s Regulated Companies with the exception of certain real estate transactions. Real Estate Transactions This segment engages in the sale or donation for income tax benefits of the company’s real estate holdings. These transactions could be effected by any of its subsidiary companies. During 2012, the company finalized a land sale with the town of Plymouth, Connecticut to sell approximately 175 acres of land for open space and recreational purposes. Services and Rentals This segment provides contracted services to water and wastewater utilities and other clients, and also leases certain of the company’s properties to third parties through its unregulated companies in the state of Connecticut and through Maine Water in the state of Maine. The types of services provided include contract operations of water and wastewater facilities; Linebacker, the company’s service line protection plan for public drinking water customers; and providing bulk deliveries of emergency drinking water to businesses and residences through tanker truck. The company’s lease and rental income comes primarily from renting residential and commercial property. Linebacker is an optional service line protection program offered by the company to eligible residential customers through NEWUS in Connecticut and Maine Water in Maine covering the cost of repairs for leaking or broken water service lines, which provide drinking water to a customer’s home. For customers who enroll in this program, the company would repair or replace a leaking or broken water service line, curb box, curb box cover, meter pit, meter pit cover, meter pit valve plus in-home water main shut off valve before the meter. As of December 31, 2014, NEWUS had approximately 20,000 customers enrolled in its Linebacker protection program. Maine Water had approximately 2,000 customers enrolled in Linebacker. During 2015, NEWUS expects to begin expanding its Linebacker offering in towns in the state of Connecticut not served by Connecticut Water. Water Systems As of December 31, 2014, the company’s water infrastructure consisted of 76 noncontiguous water systems in the states of Connecticut and Maine. Its system, in total, consists of approximately 2,100 miles of water main and reservoir storage capacity of 9.4 billion gallons. The company supplies water, and in various cases, fire protection to all or portions of 77 towns throughout Connecticut and Maine. History Connecticut Water Service, Inc. was founded in 1956. The company was incorporated in 1974.


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