-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VpZaQ6eVvsdm6pQs8llrgrhvsl2yPY8Eoq34wZaJGGkJBipFK2c4fI8JvlgJ2G6f 0N6W6Uo+jbhN3aQhB0zp/w== 0000950123-10-110411.txt : 20101202 0000950123-10-110411.hdr.sgml : 20101202 20101202161139 ACCESSION NUMBER: 0000950123-10-110411 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20101202 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101202 DATE AS OF CHANGE: 20101202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALIFORNIA WATER SERVICE GROUP CENTRAL INDEX KEY: 0001035201 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 770448994 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13883 FILM NUMBER: 101228064 BUSINESS ADDRESS: STREET 1: 1720 N FIRST ST STREET 2: C/O CALIFORNIA WATER SERVICE CO CITY: SAN JOSE STATE: CA ZIP: 95112 BUSINESS PHONE: 4083678200 MAIL ADDRESS: STREET 1: 1720 FIRST ST STREET 2: C/O CALIFORNIA WATER SERVICE CO CITY: SAN JOSE STATE: CA ZIP: 95112 8-K 1 f57526e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): December 2, 2010
CALIFORNIA WATER SERVICE GROUP
(Exact name of Registrant as Specified in its Charter)
         
Delaware   1-13883   77-0448994
(State or other jurisdiction
of incorporation)
  (Commission file number)   (I.R.S. Employer
Identification Number)
     
1720 North First Street    
San Jose, California   95112
(Address of principal executive offices)   (Zip Code)
(408) 367-8200
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 7.01.   REGULATION FD DISCLOSURE.
     On December 2, 2010, California Water Service Group issued a press release attached as Exhibit 99.1 to this current report and incorporated by reference herein.
     The information and exhibit shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
ITEM 9.01.   FINANCIAL STATEMENTS AND EXHIBITS.
     We hereby furnish the following press release with this report:
         
Exhibit No.   Description
  99.1    
Press Release issued December 2, 2010.

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  CALIFORNIA WATER SERVICE GROUP
 
 
Date: December 2, 2010  By:   /s/ Calvin Breed    
    Name:   Calvin Breed   
    Title:   Controller and Assistant Secretary   
 

 

EX-99.1 2 f57526exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(CALIFORNIA WATER SERVICE GROUP NEWS LETTERHEAD)
         
   
1720 North First Street
   
   
San Jose, CA 95112-4598
  December 2, 2010
   
 
  For Immediate Release
Contact:  
Marty Kropelnicki (408) 367-8200 (analysts)
   
   
Shannon Dean (310) 257-1435 (media)
   
CALIFORNIA PUBLIC UTILITIES COMMISSION APPROVES PROPOSED
DECISION IN CALIFORNIA WATER SERVICE COMPANY’S
2009 CALIFORNIA GENERAL RATE CASE
 
SAN JOSE, CA — California Water Service Group (NYSE: CWT) today announced that the California Public Utilities Commission (CPUC) has approved the 2009 General Rate Case for Group subsidiary California Water Service Company (Cal Water), authorizing rate increases that will add $25.44 million to annual gross revenues beginning January 1, 2011 and an additional $8 million in rate relief that may be obtained after completion of certain capital projects.
     The decision, which adopted a comprehensive settlement between Cal Water and the California Public Utilities Commission’s Division of Ratepayer Advocates, also allows Cal Water to file for smaller increases in the second and third years of the three-year rate case cycle (2012 and 2013).
     Because the costs of providing water service vary from district to district, water rate increases becoming effective on January 1, 2011 will vary.

 


 

     Cal Water is required by the CPUC’s Rate Case Plan to file for a General Rate Case (GRC) every three years. The next GRC is schedule to be filed in July of 2012 with rates effective in January of 2014.
     “The General Rate Case review process is very thorough. We believe the decision is balanced and will help ensure that we have adequate resources to continue to provide a reliable supply of high-quality water while providing a reasonable return to stockholders for capital they invest in our water systems,” said President and Chief Executive Officer Peter C. Nelson.
     “At the same time, we recognize that some of our customers are struggling in this tough economy. To help our customers, we provide a range of conservation programs that can lower their water bills, and for qualified customers, we also offer a low-income rate assistance program,” he said.
     According to Nelson, the company continues to focus on operational efficiencies in an effort to minimize rate increases.
     California Water Service Group is the parent company of California Water Service Company, Washington Water Service Company, New Mexico Water Service Company, Hawaii Water Service Company, Inc., CWS Utility Services, and HWS Utility Services. Together these companies provide regulated and non-regulated water service to nearly 2 million people in 100 California, Washington, New Mexico, and Hawaii communities. Group’s common stock trades on the New York Stock Exchange under the symbol “CWT”.
     This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“Act”). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the Act. Forward-looking statements are based on currently available information, expectations, estimates, assumptions and

 


 

projections, and management’s judgment about the Company, the water utility industry and general economic conditions. Such words as expects, intends, plans, believes, estimates, assumes, anticipates, projects, predicts, forecasts or variations of such words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not guarantees of future performance. They are subject to uncertainty and changes in circumstances. Actual results may vary materially from what is contained in a forward-looking statement. Factors that may cause a result different than expected or anticipated include, but are not limited to: governmental and regulatory commissions’ decisions; changes in regulatory commissions’ policies and procedures; the timeliness of regulatory commissions’ actions concerning rate relief; new legislation; electric power interruptions; increases in suppliers’ prices and the availability of supplies including water and power; fluctuations in interest rates; changes in environmental compliance and water quality requirements; acquisitions and our ability to successfully integrate acquired companies; the ability to successfully implement business plans; changes in customer water use patterns; the impact of weather on water sales and operating results; access to sufficient capital on satisfactory terms; civil disturbances or terrorist threats or acts, or apprehension about the possible future occurrences of acts of this type; the involvement of the United States in war or other hostilities; restrictive covenants in or changes to the credit ratings on our current or future debt that could increase our financing costs or affect our ability to borrow, make payments on debt or pay dividends; and, other risks and unforeseen events. When considering forward-looking statements, you should keep in mind the cautionary statements included in this paragraph, as well as the annual 10-K, Quarterly 10-Q, and other reports filed from time-to-time with the Securities and Exchange Commission (SEC). The Company assumes no obligation to provide public updates of forward-looking statements.
     Additional information is available at our Web site at www.calwatergroup.com.
###

 

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