• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Global Water Resources Files General Rate Case Application for GW-Santa Cruz and GW-Palo Verde Utilities in Pinal County

By: Global Water Resources, Inc. via GlobeNewswire
March 10, 2025 at 08:31 AM EDT

PHOENIX, March 10, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has filed a general rate case application with the Arizona Corporation Commission (ACC) related to the Global Water – Santa Cruz Water Company, Inc. (GW-Santa Cruz) and Global Water – Palo Verde Utilities Company, Inc. (GW-Palo Verde) that provide water, wastewater and recycled water services in Pinal County, Arizona.

These two utilities are the company’s largest, collectively representing 57,842 active service connections across 207 square miles of ACC-designated service areas—or about 89.6% of the company’s total active service connections.

“The filing of this rate case application represents a key step in our plans to improve these utilities for the benefit of our customers and support the ongoing growth in residential and commercial development across Pinal County,” stated Global Water chief operating officer, Chris Krygier. “We see the revenue generated by the proposed new rates helping us to sustain the high-quality water and wastewater services for the communities we’ve had the privilege to serve since 2004.”

The rate case includes a request for rate increases that, if approved by the ACC, would result in a net annual revenue increase of approximately $6.5 million and an approximate 11% increase in the total median monthly aggregate billing for GW-Santa Cruz and GW-Palo Verde customers. The rate case was based on the test year ended December 31, 2024, and includes infrastructure investments the company plans to make in 2025.

The company proposed that the new rates would be phased in over two years, with the proposed first phase to be implemented in May 2026 and the second phase in January 2027.

The company also proposed a new regulatory tool to address revenue increases in the future, that if approved, would allow costs and investments to be updated annually in a smaller, more gradual fashion.

About Global Water Resources

Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles over 1 billion gallons of water annually with 17.4 billion gallons recycled since 2004.

The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth.

Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.

To learn more, visit www.gwresources.com.

Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
Email Contact    

Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email Contact


Primary Logo

More News

View More
3 Stocks Flying Under the S&P 500 Radar
Today 17:11 EDT
Via MarketBeat
Topics Artificial Intelligence ETFs Stocks
Tickers AAPL AEVA AMD GOOGL
Qualcomm's Next Gear: A Growth Story Wall Street Might Be Missing
Today 17:08 EDT
Via MarketBeat
Topics Artificial Intelligence
Tickers AWEVF QCOM
3 Cloud Build-Out Stocks Behind the AI Infrastructure Boom
Today 16:39 EDT
Via MarketBeat
Topics Artificial Intelligence
Tickers AMZN ANET META MSFT
ServiceNow: The 2nd Wave of AI Spending Is Here
Today 13:20 EDT
Via MarketBeat
Topics Artificial Intelligence
Tickers NOW
Tractor Supply Revs Up on Forecast Hike and Bullish Signals
Today 12:10 EDT
Via MarketBeat
Tickers TSCO
Site Logo
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap