California Water Service Group projects rate base above $3.45 billion by 2028
CWT•California Water Service Group projects its rate base will exceed $3.45 billion by 2028, with regulators authorizing $1.68 billion in California capital investment for 2024-2027. The company indicated a 2026 annual dividend of $1.34 per share, up 8.1% from 2025.
1. Rate base projection
California Water Service Group projects its rate base will exceed $3.45 billion by 2028, driven by infrastructure investment. California regulators authorized $1.68 billion in capital investment for 2024-2027, and the authorized return on equity remains 10.27% through December 31, 2027, subject to adjustments under the Water Cost of Capital Mechanism. The projected PFAS compliance investment totals $228 million across California, New Mexico and Washington.
2. Dividend indication
The company indicated a 2026 annual dividend of $1.34 per share, up 8.1% from 2025.
