CWT

California Water Service Group is a holding company providing water utility services and non-regulated water-related services primarily in California, as well as in Washington, New Mexico, and Hawaii. The company operates through regulated utilities including California Water Service Company, serving customers in California communities with water delivery, wastewater services, and related operations. Cal Water owns and operates water production facilities, treatment plants, distribution systems, and storage facilities serving residential, commercial, industrial, and public authority customers. Founded in 1926 and headquartered in San Jose, California, Cal Water is the third-largest investor-owned water utility in the United States. The company benefits from regulated utility business models providing stable cash flows, essential services, allowed returns on capital investments, and constructive regulatory environments. Cal Water faces challenges from California drought conditions requiring water conservation, regulatory risks, infrastructure investment requirements, and environmental regulations. The company invests in infrastructure improvements, water supply reliability, and operational efficiency. Cal Water maintains a track record of dividend growth attractive to income investors and continues to invest in water infrastructure serving growing California communities and other served markets.