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
TheStreet Open House

California American Water Hosts Workshops On Revised Rate Design

Stocks in this article: AWK

California American Water will host two public workshops addressing modifications to the current rates and rate design that were recently approved by the California Public Utilities Commission (CPUC). The rate design changes, which take effect October 21, apply to all California American Water’s customers in Monterey County, excluding those in Ambler Park, Toro, Ralph Lane, Garrapata and Chualar.

The workshops will be held Wednesday, September 18 and Tuesday, September 24 at the company business office in Pacific Grove. Customers are invited to visit between the hours of 3:00 p.m. and 6:00 p.m. either day to speak with company representatives about the forthcoming changes to area water bills.

The new rates and rate design (CPUC Decision 13-07-041 in Application 10-07-007) are supported by The Division of Ratepayer Advocates, the Monterey Peninsula Water Management District, the Coalition of Peninsula Businesses and the Independent Reclaimed Water Group. The new design will alter the allocation of costs between customer classes as well as the methodology under which commercial, public authority, industrial, other water utilities, construction and miscellaneous services are billed. As a result, customers’ monthly bills will change.

While the authorized changes do not represent a rate increase for California American Water and do not change the company’s CPUC authorized revenue, there will be increases in all customer rates to allow for recovery of the current authorized revenue requirement. The new rate design will allow California American Water to recover its costs to maintain and operate its water system during the period approved by the California Public Utilities Commission. The new rates will help prevent overuse of true-up mechanisms, which allow the utility to compensate for revenue shortfalls that can result from increased water conservation.

Some of the key differences in the revised residential rate design include new prices for tiers one through five. A typical single family customer that consumes 74 units a month (a unit is approximately 75 gallons) will see their monthly bill increase from $68.81 today – including surcharges – to $75.74 as a result of the changes.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,216.61 +25.24 0.15%
S&P 500 1,994.53 -7.63 -0.38%
NASDAQ 4,617.9220 -20.0720 -0.43%

Partners Compare Online Brokers

Free Reports

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