other material
confidence high
sentiment positive
materiality 0.50
Cal Water secures $83M state funding to clear customer pandemic-era past-due balances
CALIFORNIA WATER SERVICE GROUP
- Total $103.9M received from state programs; $20.8M earlier under Original Program, $83M under Extended Program.
- Covers residential and commercial customer debts incurred Mar 2020 - Dec 2022.
- Credits applied in Q2 2024; customers notified directly if credit will be applied.
- Customers with remaining balances can use interest- and penalty-free payment plans.
- CEO Kropelnicki thanks state and encourages customers to use assistance programs.