This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

California American Water Announces New Water Rates For Businesses

Stocks in this article: AWK

California American Water is sending out a survey this week to its businesses and public agencies in Monterey County that will begin a new way of billing for those customers.

Last year, a group of local businesses, led by the Coalition of Peninsula Businesses, approached California American Water about changing the way it charges commercial customers. For years, businesses’ water bills were based on an individual allotment. The allotment was calculated on criteria involving the type of business, square footage, number of tables – if a restaurant, and other factors. If businesses exceeded their allotment they were charged higher rates in an effort to encourage water conservation.

“The problem with this system was that the allotments were based on average consumption for a particular business type,” said Bob McKenzie, a water issues consultant for the Coalition of Peninsula Businesses. “That means that if a business is doing very well it would be penalized.”

Together with the Coalition, the Monterey Peninsula Water Management District and the Division of Ratepayer Advocates, California American Water has proposed a new non-residential billing system to the California Public Utilities Commission that does not depend on allotments. Instead, the water provider will determine whether or not a business is complying with best management practices in water conservation and base rates on that information.

“The idea,” said California American Water operations manager for the Coastal Division Eric Sabolsice, “is that if a business is doing all the right things to save water, they should be charged lower rates.”

In order to implement the new system, California American Water is sending a survey to all non-residential customers this week to determine which category of best management practice compliance each customer falls into.

“It is very important that customers fill out this survey and return it to us,” said Sabolsice. “If customers do not fill out the survey, they will be automatically placed in the highest category of rates – which is two and a half times the cost of the lowest category.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs