secwatch.observer — SEC 8-K summary
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Issuer:     CALIFORNIA WATER SERVICE GROUP (CWT)
CIK:        0001035201
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001104659-23-109889
Event type: regulatory
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Cal Water files CPUC advice letter; ROE rises to 10.27% effective Jan 1, 2024
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- Authorized ROE increases 70 bps to 10.27% from 9.57% effective Jan 1, 2024.
- Authorized rate of return increases 38 bps to 7.46% from 7.08% effective Jan 1, 2024.
- Estimated to increase annual operating revenue for fiscal 2024 by approximately $10 million.
- Cost of debt of 4.23% and capital structure (53.4% equity / 46.6% debt) unchanged.
- Triggered by WCCM: Moody’s Aa Utilities Bond Index rose approx 140 bps over measurement period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923109889/0001104659-23-109889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923109889/tm2328726d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-109889

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