California Water Service Group
Officers & Directors
California Water Service Group Executives and Directors: - MARTIN A. KROPELNICKI, President and Chief Executive Officer - DAVID B. HEALEY, Principal Financial Officer - THOMAS A. SCANLON, Corporate Controller, Principal Accounting Officer Board of Directors: - THOMAS M. KRUMMEL, Member, Board of Directors - SCOTT L. MORRIS, Member, Board of Directors - YVONNE A. MALDONADO, Member, Board of Directors - CHARLES R. PATTON, Member, Board of Directors - PATRICIA K. WAGNER, Member, Board of Directors - SHELLY M. ESQUE, Member, Board of Directors - GREGORY E. ALIFF, Member, Board of Directors - CAROL M. POTTENGER, Member, Board of Directors - JEFFREY KIGHTLINGER, Member, Board of Directors - LESTER A. SNOW, Member, Board of Directors,
California Water Service Group currently has 1336 employees.
News about California Water Service Group Key Personnel |
In a significant development for California s utility sector, the California Public Utilities Commission (CPUC) has granted the California Water Service (Cal Water) and three other utility companies a much-anticipated extension, postponing their applications for Cost of Capital from May 1, 2025, to May 1, 2026. This decision underscores the CPUC s recognition of the need for stability in a time of substantial economic uncertainty and ongoing climate challenges.The ramifications of this postponement are considerable. It effectively preserves Cal Water s current financial framework, which includes a return on equity (ROE) set at 10.27% and a cost of debt at 4.23%. With a capital structure predominantly compose...
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California Water Service Group Strengthens Commitment to Community and Sustainability with Leadership Promotion and Significant GrantsIn a decisive move that underscores its dedication to community safety and sustainable practices, California Water Service Group (Cal Water) has appointed Kenneth G. Jenkins as Vice President of Water Resources Planning and Sustainability. This newly established role, effective January 1, 2025, reflects the company s strategic focus on enhancing water resource management and promoting environmental stewardship, a priority as climate challenges intensify.Jenkins promotion comes at a pivotal time for Cal Water, aligning with the company s ongoing initiatives aimed at bolsterin...
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California Water Service Bolsters Local Emergency Response with Over $175,000 in Grants to Fire DepartmentsOn December 18, 2024, California Water Service (Cal Water) made a significant investment in community safety by announcing over $175,000 in grants awarded to seven fire departments across California. This initiative is a key component of Cal Water s sixth annual Firefighter Grant Program, which is designed to support local emergency services and ensure they are equipped to respond effectively in times of crisis. Strengthening Fire Department CapabilitiesThis year, the grants are aimed at enhancing the capabilities of recipient fire departments, enabling them to provide more efficient rescue and emergenc...
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In a recent announcement, California Water Service (Cal Water), the largest subsidiary of California Water Service Group (CWT), shared its infrastructure improvement plans for its California districts from 2025-2027. Alongside this, the company proposed an innovative Low-Use Water Equity Program aimed at assisting low-water-using, lower-income customers. These developments come on the heels of the company s impressive financial performance, with a return on investment (ROI) of 3.6% in the first quarter of 2024, surpassing the industry average of 2.68%. Let s delve into the details and assess the implications for the company.
Infrastructure Improvement Plans and Low-Use Water Equity Program:
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California Water Service Group, a leading utility company dedicated to providing high-quality water services to communities across the state, continues to demonstrate its commitment to the future by awarding $80,000 in college scholarships. With this latest contribution, the company s College Scholarship Program has now provided an impressive $760,000 in scholarships to deserving students.
Investing in education has always been a priority for California Water Service Group. Through its scholarship program, the company aims to empower young individuals to pursue higher education and realize their potential. By alleviating some of the financial burdens associated with college tuition, these scholarshi...
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California Water Service Group Promotes Key Executives, Despite Slight Drop in Return on Investment
SAN JOSE, Calif., Jan. 03, 2024 - California Water Service Group (NYSE: CWT) announced the promotions of several key executives, indicating continued growth and strategic focus for the company. Effective January 1, 2024, the promotions include Michael S. Mares to Senior Vice President, Operations; Shannon C. Dean to Senior Vice President, Customer Service and Chief Sustainability Officer; Shawn C. Bunting to Senior Vice President, General Counsel and Business Development; and Sophie M. James to Vice President, Water Quality and Environmental Affairs.
The promotion of Michael S. Mares to Senior Vic...
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