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Last $22.77 USD
Change Today 0.00 / 0.00%
Volume 5.0K
CWT On Other Exchanges
Symbol
Exchange
Berlin
As of 10:01 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1720 North First Street

San Jose, CA 95112

United States

Phone: 408-367-8200

Fax:

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. Subsidiaries The company’s subsidiaries include California Water Service Company (Cal Water); New Mexico Water Service Company (New Mexico Water); Washington Water Service Company (Washington Water); Hawaii Water Service Company, Inc. (Hawaii Water); and CWS Utility Services and HWS Utility Services LLC (referred to collectively as Utility Services). Cal Water, New Mexico Water, Washington Water, and Hawaii Water are regulated public utilities. The regulated utility entities also provide some non-regulated services. Utility Services provides non-regulated services to private companies and municipalities. The bulk of the business consists of the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. The company also provides non-regulated water- related services under agreements with municipalities and other private companies. The non-regulated services include full water system operation, billing and meter reading services. Non-regulated operations also include the lease of communication antenna sites, lab services, and promotion of other non- regulated services. Regulated Business California water operations are conducted by the Cal Water and CWS Utility Services entities, which provide service to approximately 477,900 customers in 83 California communities through 25 separate districts. Of these 25 districts, 23 districts are regulated water systems, which are subject to regulation by the California Public Utilities Commission (CPUC). Cal Water operates two leased water systems, the City of Hawthorne and the City of Commerce, which are governed through their respective city councils and are outside of the CPUC's jurisdiction. Hawaii Water provides service to approximately 4,300 water and wastewater customers on the islands of Maui and Hawaii, including various large resorts and condominium complexes. Hawaii's regulated operations are subject to the jurisdiction of the Hawaii Public Utilities Commission. Washington Water provides domestic water service to approximately 16,300 customers in the Tacoma and Olympia areas. Washington Water's utility operations are regulated by the Washington Utilities and Transportation Commission. New Mexico Water provides service to approximately 7,600 water and wastewater customers in the Belen, Los Lunas and Elephant Butte areas in New Mexico. New Mexico's regulated operations are subject to the jurisdiction of the New Mexico Public Regulation Commission. The company operates the City of Hawthorne and the City of Commerce water systems under lease agreements. Non-Regulated Activities Under other non-regulated contract arrangements, the company operates municipally owned water systems, privately owned water systems, and recycled water distribution systems. Non-regulated activities consist primarily of operating water and waste water systems, which are owned by other entities; leasing communication antenna sites on the company’s properties; billing of optional third-party insurance programs to its residential customers; operating recycled water systems; providing meter reading and billing services; providing lab services for water quality testing; selling surplus property; and other services as requested by the client. The company provides operating and maintenance, meter reading and customer billing services for various municipalities in California. The company also provides sewer and refuse billing services to various municipalities. Significant Events In June 2015, California Water Service Group, or Cal Water, has completed the installation of more than a mile of water main in Salinas, California. The new 24-inch main would distribute newly developed groundwater with than the former source to Salinas customers. The main, which extends 5,700 feet on Dayton Street, Harkins Road, and South Abbott Street, is made of ductile iron pipe. History California Water Service Group was founded in 1926.

 

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Price/Earnings 17.2x
Price/Sales 1.8x
Price/Book 1.8x
Price/Cash Flow 8.8x
TEV/Sales 0.9x
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