Washington Water Service Files Proposal to Adjust Rates for Infrastructure Investments Made to Upgrade Water Systems
GIG HARBOR, Wash., July 06, 2018 (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (NYSE:CWT), this week filed a proposal with the Washington Utilities and Transportation Commission to reflect infrastructure investments made since 2014 and increases in its operating costs. The last rate adjustment for the utility went into effect in February 2015 for improvements made in 2013 and earlier.
Investments made in Washington Water’s systems include new pumping equipment and water mains to reliably deliver water to customers, water treatment facilities to meet water quality standards, wells to increase supply, and storage tanks to augment reserve supplies for customers’ everyday needs and firefighters’ emergency resources. If approved as proposed, Washington Water would increase annual revenues by $1.64 million, or 13.8%, with any rate changes becoming effective as soon as August 2018.
“We are committed to providing a reliable supply of safe, high-quality water to our customers, and these improvements have enabled us to continue meeting their everyday needs plus ensured that firefighters and other first responders have sufficient resources to protect our communities,” said Paul Townsley, Vice President of Regulatory Matters. “At the same time, we have maintained our efforts to reduce costs and operate efficiently so that we keep the impact to our customers as low as possible. This is part of our promise to provide quality, service, and value.”
Washington Water serves 16,800 customer connections in nearly 200 water systems throughout the state. One of the largest regulated water utilities in the state, Washington Water (as Harbor Water and South Sound Utilities) has provided water service there since 1970. Washington Water is a subsidiary of California Water Service Group (NYSE:CWT). Additional information may be obtained online at www.wawater.com.
Released July 6, 2018