During the corresponding time, Connecticut Water Service Inc recorded a revenue increase by 2.41 % year on year, sequentially revenue grew by 16.22 %. While revenue at the Connecticut Water Service Inc's corporate clients
Connecticut Water Service Inc's Comment on Sales, Marketing and Customers
The Regulated Companies supplied water to 123,071 customers, representing a
population of approximately 400,000, in 77 municipalities throughout Connecticut
and Maine.
The University of Connecticut (“UCONN”), in partnership with the
Town of Mansfield, initiated a process to identify and implement actions to
secure a long-term water solution to meet the water supply needs for UCONN and
the Town of Mansfield. Connecticut Water submitted information to UCONN and
the Town on its proposal to bring a reliable supply of water to the UCONN's
Storrs campus and to residents of Mansfield. Connecticut Water's submission
for this project was made as part of the Environmental Impact Evaluation (“EIE”)
process under the Connecticut Environmental Policy Act.
As detailed in its proposal, Connecticut Water proposed to bring up to 2.2
million gallons of water a day with a water main extension of approximately
5 miles from its water system in the Town of Tolland to Mansfield to meet the
UCONN campus and the Town of Mansfield's long term water supply needs. UCONN's
Board of Trustees voted to recommend Connecticut Water's proposal. The State's
Office of Policy and Management issued their approval of the Record of Decision
of the EIE, allowing UCONN to proceed to implement the water supply solution.
Connecticut Water and the Town of Mansfield have finalized a definitive written
agreement for Connecticut Water to serve the Town of Mansfield community. The
Mansfield Town Council voted to authorize the Town Manager to execute the agreement
with Connecticut Water and it was signed by the parties.
The key provisions of the agreement with the Town of Mansfield are as follows:
Current off-campus customers of UCONN will become customers of Connecticut Water
at UCONN’s water rates in effect at that time (subject to any state-approved
surcharges);
Future water customers in the Town of Mansfield will be served by Connecticut
Water at the rates authorized by the PURA;
Connecticut Water will assume responsibility for maintaining, repairing and
replacing the off-campus water system serving the Town of Mansfield;
Connecticut Water will make any source or system improvements to meet current
and future water supply needs of the area;
A Water System Advisory Committee (“WSAC”) will be created with
representatives of the Town of Mansfield, UCONN, regional representatives and
other key stakeholders to advise Connecticut Water regarding water service and
the system’s operations, expansion or integration as well as recommended
best management practices, including water conservation programs.
Connecticut Water Service Inc’s Comment on Sales, Marketing and Customers
The Regulated Companies supplied water to 123,071 customers, representing a
population of approximately 400,000, in 77 municipalities throughout Connecticut
and Maine.
The University of Connecticut (“UCONN”), in partnership with the
Town of Mansfield, initiated a process to identify and implement actions to
secure a long-term water solution to meet the water supply needs for UCONN and
the Town of Mansfield. Connecticut Water submitted information to UCONN and
the Town on its proposal to bring a reliable supply of water to the UCONN's
Storrs campus and to residents of Mansfield. Connecticut Water's submission
for this project was made as part of the Environmental Impact Evaluation (“EIE”)
process under the Connecticut Environmental Policy Act.
As detailed in its proposal, Connecticut Water proposed to bring up to 2.2
million gallons of water a day with a water main extension of approximately
5 miles from its water system in the Town of Tolland to Mansfield to meet the
UCONN campus and the Town of Mansfield's long term water supply needs. UCONN's
Board of Trustees voted to recommend Connecticut Water's proposal. The State's
Office of Policy and Management issued their approval of the Record of Decision
of the EIE, allowing UCONN to proceed to implement the water supply solution.
Connecticut Water and the Town of Mansfield have finalized a definitive written
agreement for Connecticut Water to serve the Town of Mansfield community. The
Mansfield Town Council voted to authorize the Town Manager to execute the agreement
with Connecticut Water and it was signed by the parties.
The key provisions of the agreement with the Town of Mansfield are as follows:
Current off-campus customers of UCONN will become customers of Connecticut Water
at UCONN’s water rates in effect at that time (subject to any state-approved
surcharges);
Future water customers in the Town of Mansfield will be served by Connecticut
Water at the rates authorized by the PURA;
Connecticut Water will assume responsibility for maintaining, repairing and
replacing the off-campus water system serving the Town of Mansfield;
Connecticut Water will make any source or system improvements to meet current
and future water supply needs of the area;
A Water System Advisory Committee (“WSAC”) will be created with
representatives of the Town of Mansfield, UCONN, regional representatives and
other key stakeholders to advise Connecticut Water regarding water service and
the system’s operations, expansion or integration as well as recommended
best management practices, including water conservation programs.
Sources:
Connecticut Water Service Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Connecticut Water Service Inc’s corporate clients.
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