8-K
California Water Service Group (CWT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13or 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 27, 2023
CALIFORNIA WATER SERVICE GROUP
(Exact name of Registrant as Specified in its Charter)
| Delaware<br><br>(State or other jurisdiction<br> of incorporation) | 1-13883<br><br>(Commission file number) | 77-0448994<br><br>(I.R.S. Employer<br> Identification Number) |
|---|---|---|
| 1720 North First Street<br>San Jose, California<br><br>(Address of principal executive offices) | 95112<br><br>(Zip Code) | |
| --- | --- |
(408) 367-8200
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act<br>(17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act<br>(17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Shares, par value $0.01 | CWT | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined by Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 7.01. | Regulation FD Disclosure. |
|---|
On July 31, 2023, California Water Service Group issued the press release attached as Exhibit 99.1 to this current report and incorporated by reference herein.
The information furnished pursuant to Item 7.01 of this Current Report shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits. |
|---|
We hereby furnish the following exhibits, which shall not be deemed “filed,” with this report:
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release issued July 31, 2023 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CALIFORNIA WATER SERVICE GROUP | ||
|---|---|---|
| Date: July 31, 2023 | By: | /s/ David B. Healey |
| Name: | David B. Healey | |
| Title: | Vice President, Chief Financial Officer & Treasurer |
Exhibit 99.1

14519 Peacock Hill NW, Gig Harbor, WA 98332
July 31, 2023
Contact: Matt Brown (360) 491-3760
For Immediate Release
WASHINGTONUTILITIES AND TRANSPORTATION COMMISSION SETSNEW RATES FOR WASHINGTON WATER SERVICE
DecisionApproves Utility’s Final Infrastructure Improvement Plan Filing
GIG HARBOR, Wash.—Washington Water Service (Washington Water), a subsidiary of California Water Service Group (NYSE: CWT), has received approval from the Washington Utilities and Transportation Commission (Commission) to increase annual revenues by $2.125 million, effective July 28, 2023, to reflect upgrades made to water system infrastructure and higher operating costs.
Major investments made in Washington Water’s systems include:
| · | Three new<br> treatment plants to remove iron and manganese, naturally occurring arsenic, or lead and copper |
|---|---|
| · | Supervisory<br> Control and Data Acquisition (SCADA) system remote monitoring software improvements |
| --- | --- |
| · | 7,200 feet<br> of new 4-, 8-, and 12-inch water main to replace aging pipes, reduce leaks, and enhance reliability |
| --- | --- |
| · | New booster<br> pump station to support higher elevations |
| --- | --- |
| · | Tank<br> coating upgrade to extend the life of aging tank |
| --- | --- |
| · | Customer<br> Care software conversion to enhance customer service support |
| --- | --- |
| · | Electrical<br> and booster pump upgrades to improve fire flow |
| --- | --- |
| · | A new well<br> that can produce up to 275 gallons of water per minute |
| --- | --- |
Additionally, the Commission authorized funding—a portion of which is expected to be recovered in future years—for conservation programs, education, and outreach for the utility to help consumers use water more efficiently.

With this filing, Washington Water has begun taking steps to combine the East Pierce system’s rates with that of the rest of the utility. The utility believes that a single, statewide rate structure for all Washington Water customers in the future should help stabilize rates across the entire customer base and reduce the cost impact of improvements made in each system for customers.
“We take our responsibility to provide quality, service, and value seriously, and fulfilling that means making the infrastructure investments needed to provide high-quality, reliable water service long-term while operating efficiently to keep costs down,” said Martin A. Kropelnicki, Chairman and CEO. “We appreciate the Washington Utilities and Transportation Commission’s diligent review of our operations, costs, and service, so that rates accurately reflect the costs of providing service and so we can stay focused on our customers, communities, and firefighters.”
About Washington Water Service and California WaterService Group
Washington Water Service provides high-quality, reliable water utility service to 37,500 customer connections in Clallam, Jefferson, Kitsap, Mason, Pierce, King, San Juan, and Thurston counties, as well as wastewater service on Orcas Island. It is a subsidiary of California Water Service Group (NYSE: CWT), the largest regulated water utility in the western United States. In total, Group serves more than 2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, Texas Water Service.
What sets Washington Water and Group apart is their commitment to enhancing the quality of life for their customers, communities, employees, and stockholders. Guided daily by their promise to provide quality, service, and value, the company’s employees lead the way in working to protect the planet, care for people, and operate with the utmost integrity. Integral to their strategy is investing responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company has been named one of “America’s Most Responsible Companies” and “America’s Most Trustworthy Companies” by Newsweek and a Great Place to Work^®^. More information is available at www.wawater.com and www.calwatergroup.com.

This newsrelease 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" treatmentestablished by the Act. Forward-looking statements in this news release are based on currently available information, expectations, estimates,assumptions and projections, and management's beliefs, assumptions, judgments, and expectations about Group and its subsidiaries,the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in ourdocument, statements that are not historical in nature, including words like promise, commitment, strategy, would, expects, intends,plans, believes, may, could, estimates, assumes, anticipates, projects, predicts, forecasts, targets, seeks, should, or variations ofsuch words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not guaranteesof future performance. They are based on numerous assumptions that Group believes are reasonable but are subject to uncertainty and changesin circumstances. Actual results may vary materially from what is contained in a forward-looking statement. Factors that may cause actualresults to be different than those expected or anticipated include, but are not limited to: natural disasters, public health crises,pandemics, epidemics or outbreaks of a contagious disease; governmental and regulatory commissions' decisions, including decisionson proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions'policies and procedures; the timeliness of regulatory commissions' actions concerning rate relief and other actions; changes in waterquality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customergrowth trends; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues withthe implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; theadequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processesto identify or address risks adequately; labor relations matters as we negotiate with unions; changes in customer water use patternsand the effects of conservation; the impact of weather, climate, natural disasters, and diseases on water quality, water availability,water sales and operating results, and the adequacy of our emergency preparedness; and other risks and unforeseen events. When consideringforward-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 by Group from time-to-time with the Securities and Exchange Commission (SEC). Groupis under no obligation, and assumes no obligation, to provide public updates of forward-looking statements, whether as a resultof new information, future events, or otherwise.