• 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 Granted Rate Increase for GW-Farmers Utility

By: Global Water Resources, Inc. via GlobeNewswire
April 23, 2025 at 08:31 AM EDT

PHOENIX, April 23, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has received approval from the Arizona Corporation Commission (ACC) to establish new water rates for its Global Water - Farmers Water Company, Inc. (GW-Farmers) utility located in Pima County, Arizona.

The approved new rates are expected to result in an approximately $1.1 million increase in annual revenue based on 2023 test-year service connections.

GW-Farmers will implement the rate increase in three stages: 50% on May 1, 2025, 25% on November 1, 2025, and the remaining 25% on May 1, 2026.

In addition to the rate increase, the ACC approved a deferral of the recovery of an acquisition premium of approximately $3 million related to the company’s acquisition of GW-Farmers, which will be recovered in a future rate case.

“The additional revenue generated by the new rates will support our efforts to improve GW-Farmers for the benefit of its customers and the broader Sahuarita community,” said Global Water chief operating officer, Chris Krygier. “The improvements will help us maintain our high-quality of water services for the many customers that we have the great privilege to serve.”

GW-Farmers service area covers the Town of Sahuarita, located 15 miles south of Tucson, as well as unincorporated areas within the county.

As of the end of 2024, GW-Farmers served 3,494 active water connections covering approximately 21.0 square miles of service area. The utility represents 5.4% of Global Water’s total active service connections.

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 service. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. Global Water recycles over 1 billion gallons of water annually with 17.7 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
Is Former Dividend Aristocrat AT&T a Buy After Q2 Earnings?
Today 13:41 EDT
Via MarketBeat
Topics Earnings
Tickers T TMUS VZ
AST SpaceMobile: A New Asset Class Held Down by Outdated Models
Today 13:31 EDT
Via MarketBeat
Tickers ASTS KTOS T VOD
What's Behind Opendoor Technologies' Rally? Is Meme Mania Back?
Today 12:19 EDT
Via MarketBeat
Tickers KSS OPEN
5 Stocks to Buy and Hold for the Rise of Physical AI
Today 11:14 EDT
Via MarketBeat
Topics Artificial Intelligence
Tickers AMBA AMD NVDA SYM
The Bottom Is in For These 3 Small-Cap Stocks Insiders Are Buying
Today 11:10 EDT
Via MarketBeat
Tickers ENR MAGN SDHC
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