Wednesday, the California Public Utilities Commission or CPUC has accepted the request of California Water Service Group (CWT) and three other utilities and postponed their Cost of Capital applications to May 1, 2026.
Following the decision, the return on equity and cost of debt for California Water Service will remain at 10.27 percent and 4.23 percent, respectively.
Additionally, the CPUC has also reauthorized the Water Cost of Capital Mechanism.
California Water Service's CEO Martin Kropelnicki noted that the one-year extension will reduce the workload of its staff and frequency of rate changes for customers.
In the pre-market hours, CWT stock is trading at $43.49, up 1.42 percent on the New York Stock Exchange.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.