regulatory
confidence high
sentiment neutral
materiality 0.45
CPUC grants Cal Water one-year extension on cost of capital filing to May 1, 2027
CALIFORNIA WATER SERVICE GROUP
- CPUC order maintains Cal Water's ROE at 10.27%, cost of debt at 4.23%, capital structure 53.40% equity / 46.60% debt.
- Authorized rate of return remains 7.46% during the extension period.
- Water Cost of Capital Mechanism (WCCM) reauthorized; next measurement date Sep 30, 2026.
- CEO Kropelnicki cites CPUC workload reduction as reason for extension.