EX-99.1
Published on January 26, 2011
Exhibit 99.1
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NEWS RELEASE CALIFORNIA WATER SERVICE GROUP |
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| 1720 North First Street San Jose, CA 95112-4598 |
January 26, 2011 For Immediate Release |
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Contact:
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Marty Kropelnicki (408) 367-8200 (analysts) Shannon Dean (310) 257-1435 (media) |
CALIFORNIA WATER SERVICE GROUP BOARD OF DIRECTORS
DECLARES 264TH CONSECUTIVE QUARTERLY DIVIDEND
AND 44TH CONSECUTIVE ANNUAL DIVIDEND INCREASE
SAN JOSE, CA At its meeting today, the California Water Service Group (NYSE: CWT) Board
of Directors declared the companys 264th consecutive quarterly dividend, increasing the annual
dividend from $1.19 to $1.23. This represents the companys 44th consecutive annual dividend
increase. The quarterly dividend of $0.3075 per common share will be payable on February 18, 2011,
to stockholders of record on February 7, 2011.
California Water Service Group is the parent company of California Water Service Company,
Washington Water Service Company, New Mexico Water Service Company, Hawaii Water Service Company,
Inc., CWS Utility Services, and HWS Utility Services. Together these companies provide regulated
and non-regulated water service to nearly 2 million people in California, Washington, New Mexico,
and Hawaii. Groups common stock trades on the New York Stock Exchange under the symbol CWT.
This news release contains forward-looking statements within the meaning established by the
Private Securities Litigation Reform Act of 1995 (Act). The forward-
looking statements are intended to qualify under provisions of the federal securities laws for
safe harbor treatment established by the Act. Forward-looking statements are based on currently
available information, expectations, estimates, assumptions and projections, and managements
judgment about the Company, the water utility industry and general economic conditions. Such words
as expects, intends, plans, believes, estimates, assumes, anticipates, projects, predicts,
forecasts or variations of such words or similar expressions are intended to identify
forward-looking statements. The forward-looking statements are not guarantees of future
performance. They are subject to uncertainty and changes in circumstances. Actual results may
vary materially from what is contained in a forward-looking statement. Factors that may cause a
result different than expected or anticipated include, but are not limited to: governmental and
regulatory commissions decisions; changes in regulatory commissions policies and procedures; the
timeliness of regulatory commissions actions concerning rate relief; new legislation; electric
power interruptions; increases in suppliers prices and the availability of supplies including
water and power; fluctuations in interest rates; changes in environmental compliance and water
quality requirements; acquisitions and our ability to successfully integrate acquired companies;
the ability to successfully implement business plans; changes in customer water use patterns; the
impact of weather on water sales and operating results; access to sufficient capital on
satisfactory terms; civil disturbances or terrorist threats or acts, or apprehension about the
possible future occurrences of acts of this type; the involvement of the United States in war or
other hostilities; restrictive covenants in or changes to the credit ratings on our current or
future debt that could increase our financing costs or affect our ability to borrow, make payments
on debt or pay dividends; and, other risks and unforeseen events. When considering forward-looking
statements, you should keep in mind the cautionary statements included in this paragraph, as well
as the annual 10-K, Quarterly 10-Q, and other reports filed from time-to-time with the Securities
and Exchange Commission (SEC). The Company assumes no obligation to provide public updates of
forward-looking statements.
Additional information is available at our Web site at www.calwatergroup.com.
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