La Comisión de Servicios Públicos de California presenta la decisión propuesta para el plan de tarifa general 2018 de Cal Water

NoticiasAn Administrative Law Judge with the California Public Utilities Commission (CPUC) issued a proposed decision yesterday in the 2018 General Rate Case and Infrastructure Improvement Plan for California Water Service (Cal Water), the largest subsidiary of California Water Service Group.

The proposed decision is subject to adoption by the CPUC and can be considered no earlier than the CPUC's Nov. 19, 2020 meeting. If adopted as proposed, the decision would approve the settlement reached in October 2019 by Cal Water and the CPUC's Public Advocates Office, allow Cal Water to continue its decoupling balancing accounts through 2022, and allow Cal Water to retain its pension and medical cost balancing accounts. The proposed decision further resolves a small number of other issues which were not included in the settlement.

Under this proposed decision, Cal Water would be authorized to invest $828 million in its districts throughout California through 2021. This includes $148 million of water system infrastructure upgrades that would be recovered via the CPUC's advice letter procedure after those projects are completed. The proposed decision authorizes Cal Water to increase total revenue company-wide by approximately $6.6 million in 2020, $20.3 million in 2021, $20.9 million in 2022, and up to $17.3 million when the advice letter projects are completed. Rate changes would vary by service area.

"We appreciate the administrative law judge's thorough analysis and proposed decision, which would enable us to fulfill our responsibility of delivering safe, reliable, high-quality water utility services to our customers and firefighters," said Martin A. Kropelnicki, President and CEO. "At the same time, we will continue working to keep costs as low as possible, in order to fulfill our commitment to provide quality, service, and value to our communities."

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. Tales palabras como podría, espera, pretende, planea, cree, estima, asume, anticipa, proyecta, predice, pronostica o variaciones de dichas palabras o expresiones similares tienen la intención de identificar a las declaraciones prospectivas. 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: the adoption of the proposed decision by the CPUC; natural disasters or calamities, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the recent outbreak of Coronavirus (or COVID‐19), or any escalation or worsening of the foregoing; governmental and regulatory commissions' decisions, including decisions 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 and climate 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.