Eric W. Thornburg, Chairman, President and Chief Executive Officer of Connecticut Water, said, "2012 was a historic year for Connecticut Water. We grew our customer base by 35% through acquisitions, delivered increased earnings for shareholders, and attained customer and employee satisfaction levels among the highest we have seen."Mr. Thornburg added, "In 2013, we will continue our focus on cost containment and infrastructure investment. Our 2013 capital budget includes $31.3 million in infrastructure investment for Connecticut and Maine with $15 million targeted for WICA eligible pipeline replacements in Connecticut. In Maine, guidelines for an investment recovery mechanism similar to WICA, the Temporary Surcharge for Infrastructure Replacement and Repair (TSIRR), have been drafted and are awaiting approval by the legislature and governor. We expect TSIRR to be available to Maine Water and BSWC late this year or in early 2014."
Connecticut Water Service, Inc. Reports 2012 And Fourth Quarter Earnings
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