Alivio de la deuda acumulada en la factura del agua durante la pandemia

Cal Water ha presentado una solicitud ante la Junta Estatal de Control de los Recursos Hídricos para ayudar a proporcionar asistencia financiera a los clientes que no pudieron pagar sus facturas de agua durante la pandemia de coronavirus. The funding, which Cal Water advocated to help secure, will enable the utility to forgive past-due balances incurred by its customers between March 2020 and mid-June 2021.

In the application, Cal Water requested $20.8 million in relief for customers across its California service areas. The company anticipates receiving final approval by the State Water Resources Control Board around the first of the year. Customers do not have to apply for the debt forgiveness; if approved, Cal Water will apply any credits to affected customers' accounts within 60 days after receiving funding from the state, expected to be in early 2022.

"While life is returning to some sense of normalcy from the coronavirus, we know that many of our customers continue to struggle to make ends meet," said Martin A. Kropelnicki, President and CEO. "Providing debt forgiveness is one way we can keep our customers who are experiencing financial hardship from having to worry about their water bill."

This measure is the latest step by Cal Water to support customers who have been financially affected by the pandemic. In addition to the debt forgiveness application, customers with remaining balances that pre-date the pandemic or have accrued after June 15, 2021, can take advantage of interest- and penalty-free payment plans or extensions, preventing them from becoming subject to potential disruptions in water service after the moratorium on disconnections for non-payment expires. Income-eligible customers may also enroll in Cal Water's Customer Assistance Program, which provides qualifying customers with a discount on their monthly service charge.

Este comunicado de prensa incluye declaraciones prospectivas en concordancia con lo establecido por la Ley de Reforma de Litigios sobre Valores Privados de 1995 ("La Ley"). Tales declaraciones intentan tener la protección de lo dispuesto por las leyes de valores federales para los principios de "puerto seguro" establecidos por esta Ley. Dichas declaraciones se basan en información actualmente disponible, expectativas, estimaciones, presunciones y proyecciones y criterios de manejo sobre la Compañía, la industria de servicios públicos del agua y las condiciones económicas generales. Such words as will, would, 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. Las declaraciones prospectivas no son garantías de acciones futuras. Las mismas están sujetas a los cambios e incertidumbre de las circunstancias. Los resultados reales pueden variar materialmente del contenido de las declaraciones prospectivas. Factors that may cause a result different than expected or anticipated include, but are not limited to: natural disasters, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the outbreak of coronavirus (or COVID‐19), governmental and regulatory commissions' decisions, including decisions on our GRC and on proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions' policies and procedures; the timeliness of regulatory commissions' actions concerning rate relief and other actions; changes in water quality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customer growth trends; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with unions; changes in customer water use patterns and the effects of conservation; the impact of weather, climate, natural disasters, and diseases on water quality, water availability, water sales and operating results, and the adequacy of our emergency preparedness; and, other risks and unforeseen events. Al considerar las declaraciones prospectivas, usted debe tener en cuenta las declaraciones preventivas que se incluyen en este párrafo, al igual que el informe anual 10-K, el informe trimestral 10-Q y otros informes presentados ocasionalmente ante la Comisión de Valores y Bolsa (SEC, siglas en inglés). La Compañía no asume ninguna obligación de proporcionar actualizaciones de las declaraciones prospectivas por medios públicos.