secwatch.observer — SEC 8-K summary
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Issuer:     Global Water Resources, Inc. (GWRS)
CIK:        0001434728
Form:       8-K
Filed at:   2022-07-14T23:59:59+00:00
Accession:  0001434728-22-000238
Event type: regulatory
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACC approves ~$2.2M annualized rate increase for Global Water, phased in through 2024
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- Rate increase of $2.2M annualized based on 2019 test year; phases: $1.46M Aug 2022, $676K Jan 2023, $99K Jan 2024.
- Approved consolidation of water/wastewater rates for Red Rock, Santa Cruz, Palo Verde, Picacho Water, and Picacho Utilities in Pinal County.
- Acquisition premiums for Red Rock and Turner Ranches utilities included in rate base; goodwill reclassed over 25 years.
- ACC approved annual adjustments for property/income tax expense and a Sustainable Water Surcharge for new water resource costs.
- New rates apply to ~96% of active connections; last rate case was in 2014.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434728/000143472822000238/0001434728-22-000238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434728/000143472822000238/gwrs-20220714.htm
  HTML page:      https://secwatch.observer/filing/0001434728-22-000238

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