STOCK TITAN

California Water Service Group Provides More Than $1.7 Million in Community Support During Unprecedented Year

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

SAN JOSE, Calif., Jan. 25, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) and its subsidiaries donated more than $1.7 million to community organizations and customers in 2020, exceeding 2019 contributions by an estimated $500,000. The increase was due to elevated community need, as many of the utility’s service areas were impacted economically by the pandemic.

Group’s contributions went to organizations that provide veteran services, assistance for at-risk or underserved communities, educational services, disaster response, healthcare, and animal welfare services; groups that support economic growth and environmental sustainability; and local first responders.

The utility also provided college scholarships totaling $80,000 to 12 local students, an increase of $20,000 from previous scholarship cycles.

Additionally, to help alleviate some of the financial strain for customers who lost their jobs or were otherwise hard hit financially, the company forgave more than $400,000 worth of past-due water bill balances for those who fell behind as a result of the coronavirus pandemic. All Group subsidiaries continue to suspend water service shutoffs for customers who are unable to pay their water bill during this time.

The contributions and bill assistance are part of the Group’s philanthropic giving program and do not affect customers’ rates.

“Doing what is right and improving the lives of those in our service areas is a cornerstone of what California Water Service Group is all about,” said President and CEO Martin A. Kropelnicki. “Unprecedented times such as this called for unprecedented giving. We are grateful to be able to give more than ever before and for the generosity of our stockholders for helping our fellow community members in need.”

About California Water Service Group
California Water Service Group is the parent company of California Water Service, Washington Water Service, New Mexico Water Service, Hawaii Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies provide regulated and non-regulated water service to more than 2 million people in California, Washington, New Mexico, and Hawaii.  California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

Media Contact
Yvonne Kingman
ykingman@calwater.com
310-257-1434 


California Water Service

NYSE:CWT

CWT Rankings

CWT Latest News

CWT Stock Data

3.07B
58.96M
0.73%
88.31%
0.69%
Utilities - Regulated Water
Water Supply
Link
United States of America
SAN JOSE