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Connecticut Water Service Inc  (NASDAQ: CTWS)
    Sector  Utilities    Industry Water Supply
   Industry Water Supply
   Sector  Utilities
 

Connecticut Water Service Inc's Customers Performance

CTWS



 
CTWS's Source of Revenues 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

List of CTWS Customers




for the same period Connecticut Water Service Inc recorded revenue increase by 2.41 % year on year, sequentially revenue grew by 16.22 %.

List of CTWS Customers

Connecticut Water Service Inc's Business Units






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.