California Water Service Group Announces It Invested $471M in Capital Improvements Throughout Its Service Areas In 2024

Author: Benzinga Newsdesk | March 06, 2025 04:18pm

To enhance water safety and reliability for its customers and communities, California Water Service Group (Group) (NYSE:CWT) invested a record $471 million in capital improvements throughout its service areas in 2024. Infrastructure improvements completed last year exceeded the previous high investment recorded in 2023 by $87 million.

Group subsidiary California Water Service's annual Main Replacement Program, the largest portion of the company's infrastructure improvement plans, accounted for $156 million in completed projects. The company installed 189,135 feet of pipe, or nearly 36 miles, in 2024 through this program. Other notable infrastructure projects last year included:

• 124 storage and pressure tank replacements or retrofits to augment available water supplies and regulate fluctuations in water pressure.
• 110 water treatment facility improvements to continue meeting or surpassing all primary and secondary water quality standards.
• 27 Supervisory Control and Data Acquisition (SCADA) system upgrades to improve monitoring and efficient operation of facilities throughout the company's service areas.
• 26 generator and motor control center installations or replacements to help keep systems operating properly during both routine operations and power outages or shutoffs.

Posted In: CWT