Global Water Resources Files General Rate Case Application for GW-Santa Cruz and GW-Palo Verde Utilities in Pinal County
Global Water Resources (NASDAQ: GWRS) has filed a general rate case application with the Arizona Commission for its two largest utilities, GW-Santa Cruz and GW-Palo Verde, in Pinal County, Arizona. The application requests a net increase of $6.5 million in annual revenue to support infrastructure investments.
These utilities serve 57,842 active service connections across 207 square miles, representing 89.6% of the company's total connections. The proposed rate increases would result in an approximate 11% increase in total median monthly billing for customers.
The rate case, based on the test year ended December 31, 2024, includes planned infrastructure investments for 2025. The new rates would be implemented in two phases: first in May 2026 and second in January 2027. The company has also proposed a new regulatory tool for more gradual annual cost and investment updates.
Global Water Resources (NASDAQ: GWRS) ha presentato una domanda per un caso tariffario generale alla Commissione dell'Arizona per i suoi due principali servizi, GW-Santa Cruz e GW-Palo Verde, nella contea di Pinal, Arizona. La domanda richiede un aumento netto di 6,5 milioni di dollari nei ricavi annuali per sostenere gli investimenti infrastrutturali.
Questi servizi forniscono 57.842 connessioni attive su una superficie di 207 miglia quadrate, rappresentando l'89,6% del totale delle connessioni dell'azienda. Gli aumenti tariffari proposti comporterebbero un aumento approssimativo dell'11% nella bolletta mensile media totale per i clienti.
Il caso tariffario, basato sull'anno di prova terminato il 31 dicembre 2024, include investimenti infrastrutturali pianificati per il 2025. Le nuove tariffe verrebbero implementate in due fasi: prima a maggio 2026 e poi a gennaio 2027. L'azienda ha anche proposto un nuovo strumento normativo per aggiornamenti annuali dei costi e degli investimenti più graduali.
Global Water Resources (NASDAQ: GWRS) ha presentado una solicitud de caso tarifario general ante la Comisión de Arizona para sus dos principales servicios, GW-Santa Cruz y GW-Palo Verde, en el condado de Pinal, Arizona. La solicitud solicita un aumento neto de 6.5 millones de dólares en ingresos anuales para apoyar las inversiones en infraestructura.
Estos servicios atienden 57,842 conexiones de servicio activas en 207 millas cuadradas, lo que representa el 89.6% del total de conexiones de la empresa. Los aumentos tarifarios propuestos resultarían en un aumento aproximado del 11% en la facturación mensual media total para los clientes.
El caso tarifario, basado en el año de prueba que terminó el 31 de diciembre de 2024, incluye inversiones en infraestructura planificadas para 2025. Las nuevas tarifas se implementarían en dos fases: primero en mayo de 2026 y segundo en enero de 2027. La empresa también ha propuesto una nueva herramienta regulatoria para actualizaciones anuales de costos e inversiones más graduales.
글로벌 워터 리소스 (NASDAQ: GWRS)는 애리조나주 피날 카운티에 위치한 두 개의 주요 유틸리티, GW-산타 크루즈와 GW-팔로 베르데를 위해 애리조나 위원회에 일반 요금 청구서를 제출했습니다. 이 청구서는 연간 수익 650만 달러의 순증가를 요청하여 인프라 투자 지원을 목적으로 하고 있습니다.
이 유틸리티는 207 제곱 마일에 걸쳐 57,842개의 활성 서비스 연결을 제공하며, 이는 회사 전체 연결의 89.6%를 차지합니다. 제안된 요금 인상은 고객의 총 중간 월 청구서에 대해 약 11%의 증가를 초래할 것입니다.
이 요금 청구서는 2024년 12월 31일로 종료된 시험 연도를 기준으로 하며, 2025년을 위한 계획된 인프라 투자를 포함합니다. 새로운 요금은 두 단계로 시행될 예정이며, 첫 번째는 2026년 5월, 두 번째는 2027년 1월입니다. 회사는 또한 보다 점진적인 연간 비용 및 투자 업데이트를 위한 새로운 규제 도구를 제안했습니다.
Global Water Resources (NASDAQ: GWRS) a déposé une demande de cas tarifaire général auprès de la Commission de l'Arizona pour ses deux plus grands services, GW-Santa Cruz et GW-Palo Verde, dans le comté de Pinal, en Arizona. La demande sollicite une augmentation nette de 6,5 millions de dollars des revenus annuels pour soutenir les investissements dans l'infrastructure.
Ces services desservent 57 842 connexions de service actives sur une superficie de 207 milles carrés, représentant 89,6 % du total des connexions de l'entreprise. Les augmentations tarifaires proposées entraîneraient une augmentation d'environ 11 % de la facturation mensuelle médiane totale pour les clients.
Le cas tarifaire, basé sur l'année de test se terminant le 31 décembre 2024, comprend des investissements en infrastructure prévus pour 2025. Les nouveaux tarifs seraient mis en œuvre en deux phases : d'abord en mai 2026, puis en janvier 2027. L'entreprise a également proposé un nouvel outil réglementaire pour des mises à jour annuelles des coûts et des investissements plus progressives.
Global Water Resources (NASDAQ: GWRS) hat einen Antrag auf einen allgemeinen Tariferhöhungsfall bei der Arizona-Kommission für seine beiden größten Versorgungsunternehmen, GW-Santa Cruz und GW-Palo Verde, im Pinal County, Arizona, eingereicht. Der Antrag fordert eine netto Erhöhung der jährlichen Einnahmen um 6,5 Millionen Dollar, um Investitionen in die Infrastruktur zu unterstützen.
Diese Versorgungsunternehmen bedienen 57.842 aktive Anschlussstellen auf einer Fläche von 207 Quadratmeilen, was 89,6% der gesamten Anschlüsse des Unternehmens entspricht. Die vorgeschlagenen Tariferhöhungen würden zu einer ungefähr 11%igen Erhöhung der gesamten medianen monatlichen Abrechnung für die Kunden führen.
Der Tariffall, der auf dem Testjahr endet am 31. Dezember 2024 basiert, umfasst geplante Infrastrukturinvestitionen für 2025. Die neuen Tarife würden in zwei Phasen eingeführt: zuerst im Mai 2026 und dann im Januar 2027. Das Unternehmen hat auch ein neues regulatorisches Instrument vorgeschlagen, um jährliche Kosten- und Investitionsupdates schrittweise vorzunehmen.
- Net revenue increase of $6.5 million annually if approved
- Phased implementation approach reduces immediate customer impact
- Proposed new regulatory tool for more efficient future rate adjustments
- Infrastructure investments to support growing residential and commercial development
- 11% increase in customer monthly bills
- Rate implementation delayed until May 2026
- Regulatory approval uncertainty from ACC
Insights
Global Water Resources' rate case application represents a material financial catalyst, requesting a
The phased implementation approach is strategically sound, with increases scheduled for May 2026 and January 2027. This gradual rollout balances revenue needs against potential customer pushback on the
Most compelling is the proposed regulatory mechanism for annual cost and investment updates. This innovative approach could transform Global Water's financial profile by reducing regulatory lag and creating more predictable revenue patterns. Similar mechanisms in other jurisdictions have allowed utilities to recover infrastructure investments more efficiently, supporting more stable earnings growth and potentially enhancing shareholder returns.
While regulatory approval remains uncertain and final authorized increases often fall below initial requests, the filing demonstrates management's proactive approach to capital recovery in a state with a generally constructive regulatory environment for water utilities.
Global Water's rate case filing for its Pinal County utilities demonstrates sophisticated regulatory strategy. The application covers utilities serving 57,842 connections across 207 square miles - a substantial service territory requiring significant infrastructure investment to support continued development.
The requested
The proposed two-phase implementation beginning May 2026 reflects regulatory pragmatism, potentially improving approval prospects by minimizing immediate customer impact. However, the most innovative aspect is the proposed regulatory tool for annual cost and investment updates. This mechanism resembles successful models in other states (similar to Distribution System Improvement Charges) that have significantly improved utility financial health by allowing smaller, more frequent adjustments rather than larger, less frequent rate cases.
If approved, this regulatory innovation could establish an important precedent in Arizona water utility regulation. The Arizona Commission typically applies thorough scrutiny to rate requests but has historically recognized the necessity of infrastructure investment for water systems, particularly in high-growth regions like Pinal County.
Application Requests a Net Increase of
PHOENIX, March 10, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has filed a general rate case application with the Arizona Corporation Commission (ACC) related to the Global Water – Santa Cruz Water Company, Inc. (GW-Santa Cruz) and Global Water – Palo Verde Utilities Company, Inc. (GW-Palo Verde) that provide water, wastewater and recycled water services in Pinal County, Arizona.
These two utilities are the company’s largest, collectively representing 57,842 active service connections across 207 square miles of ACC-designated service areas—or about
“The filing of this rate case application represents a key step in our plans to improve these utilities for the benefit of our customers and support the ongoing growth in residential and commercial development across Pinal County,” stated Global Water chief operating officer, Chris Krygier. “We see the revenue generated by the proposed new rates helping us to sustain the high-quality water and wastewater services for the communities we’ve had the privilege to serve since 2004.”
The rate case includes a request for rate increases that, if approved by the ACC, would result in a net annual revenue increase of approximately
The company proposed that the new rates would be phased in over two years, with the proposed first phase to be implemented in May 2026 and the second phase in January 2027.
The company also proposed a new regulatory tool to address revenue increases in the future, that if approved, would allow costs and investments to be updated annually in a smaller, more gradual fashion.
About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles over 1 billion gallons of water annually with 17.4 billion gallons recycled since 2004.
The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth.
Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.
To learn more, visit www.gwresources.com.
Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
Email Contact
Investor Relations Contact:
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CMA Investor Relations
Tel (949) 432-7566
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FAQ
How much revenue increase is GWRS requesting in their latest rate case application?
When will GWRS implement the new rates for GW-Santa Cruz and GW-Palo Verde customers?
What percentage increase will GWRS customers see in their monthly bills?
How many service connections do GWRS's Pinal County utilities currently serve?
