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California Water Service Group
California Water Service Group

Water service & technology / Water Utilities and Services

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Company at a Glance

Overview
California Water Service Group (CWSG) is a water utility company that provides water and wastewater services to more than 2 million people in California, Washington, New Mexico, and Hawaii. The company was founded in 1926 and is headquartered in San Jose, California.
California Water Service Group operates through its subsidiaries, including California Water Service (Cal Water), which is the largest subsidiary and serves over 2 million customers in California. Other subsidiaries include Hawaii Water Service, New Mexico Water Service, and Washington Water Service.
Cal Water operates 29 water systems and 4 wastewater systems in California, serving customers in more than 100 communities. Hawaii Water Service serves customers on Maui, Hawaii island, and Kauai, while New Mexico Water Service serves customers in the Rio Grande Valley.
Washington Water Service serves customers in the communities of Pierce, King, and Kitsap counties.
The company is committed to providing safe, reliable, and high-quality water and wastewater services while also promoting sustainability and environmental stewardship. CWSG has implemented various conservation programs and initiatives to reduce water usage and promote water efficiency among its customers.
As of 2021, CWSG is one of the largest publicly traded water utilities in the United States, with a market capitalization of over $3 billion. The company is listed on the New York Stock Exchange under the ticker symbol CWT.
What is special about the company?
1. Long history: California Water Service Group was founded in 1926, making it one of the longest-operating water utilities in the United States.
2. Large service area: The company serves more than 2 million customers across six states, including California, Hawaii, New Mexico, Oregon, Washington, and Washington D.C.
3. Social and environmental responsibility: California Water Service Group is committed to sustainability and protecting the environment. It has received numerous awards for its efforts, including the U.S. Environmental Protection Agency (EPA)'s Environmental Achievement Award.
4. Diverse portfolio: The company not only provides water services to customers but also offers wastewater, recycled water, and desalinated water services.
5. Continuous investment in infrastructure: California Water Service Group invests heavily in maintaining and upgrading its infrastructure to ensure reliable and high-quality service to its customers.
6. Community involvement: The company is actively involved in the communities it serves, supporting local charities, sponsoring events, and providing educational resources on water conservation.
7. Strong financial performance: California Water Service Group has a history of strong financial performance, making it a stable and reliable company for both customers and investors.
8. Customer-centric approach: The company prioritizes customer satisfaction and engagement, regularly seeking feedback and implementing improvements to better serve its customers.
9. Industry leader: California Water Service Group is one of the largest water utilities in the United States and has been recognized as an industry leader in water management and sustainability.
10. Commitment to innovation: The company is constantly seeking new and innovative ways to improve its operations and conserve water resources, such as implementing smart meter technology and using advanced treatment processes.
What the company's business model?
The California Water Service Group is a utility services holding company that provides water and wastewater services to various communities in California. Its business model is based on providing these essential services to its customers while generating a profit for its shareholders.
The company's main source of revenue is from customer rates and fees for its water and wastewater services. It also generates revenue through metered sales and fixed charges for connecting new customers to its system.
One key aspect of the company's business model is its service territory structure. California Water Service Group operates through several subsidiaries, each with its own service territory. This allows the company to tailor its services and rates to the specific needs and demographics of each community.
In addition to providing reliable and high-quality water and wastewater services, the company also focuses on maintaining and improving its infrastructure, developing innovative solutions for water conservation, and implementing sustainable practices.
California Water Service Group also invests in community outreach and education programs to promote responsible and efficient use of water resources. This helps build strong relationships with customers and ensures long-term success for the company.
Overall, the company's business model is built on a commitment to delivering essential services, investing in infrastructure and innovation, and fostering strong relationships with customers and communities.
Interesting facts about the company
1. The California Water Service Group is one of the largest publicly traded water utilities in the United States, serving over 2 million customers in California, Washington, New Mexico, and Hawaii.
2. The company was founded in 1926 as the California Water Service Company, providing water service to the city of San Jose, California.
3. California Water Service Group is a subsidiary of California Water Service Company, which is a wholly owned subsidiary of California Water Service Group.
4. The company is committed to protecting the environment and promoting conservation efforts. As of 2021, over 35% of the company’s energy supply comes from renewable sources, such as wind and solar.
5. The company has a long history of supporting its local communities through volunteer work, donations, and partnerships with local organizations.
6. In addition to providing water service, the California Water Service Group also offers wastewater treatment and recycled water services to its customers.
7. The company is dedicated to promoting diversity and inclusion in its workforce and has been recognized for its efforts with awards such as the Corporate 100 Award from the National Association for Female Executives.
8. In 2020, the California Water Service Group was named one of the World’s Most Ethical Companies by Ethisphere Institute for the 11th consecutive year.
9. The company has made significant investments in infrastructure and technology to ensure the reliability and quality of its water supply, including the use of advanced metering technology and leak detection systems.
10. The California Water Service Group is publicly traded on the New York Stock Exchange under the ticker symbol CWT and has consistently paid dividends to its shareholders since 1932.
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