EX-99.1
Published on October 27, 2010
Exhibit 99.1
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NEWS RELEASE CALIFORNIA WATER SERVICE GROUP |
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| 1720 North First Street San Jose, CA 95112-4598 |
October 27, 2010 For Immediate Release |
| Contact: | Marty Kropelnicki (408) 367-8200 (analysts) Shannon Dean (310) 257-1435 (media) |
CALIFORNIA WATER SERVICE GROUP BOARD OF DIRECTORS
DECLARES 263RD CONSECUTIVE QUARTERLY DIVIDEND
DECLARES 263RD CONSECUTIVE QUARTERLY DIVIDEND
SAN JOSE, CA California Water Service Group (NYSE : CWT) announced today that its Board of
Directors has declared the companys 263RD consecutive quarterly dividend in the amount
of $0.2975 per common share. It will be payable on November 19, 2010, to stockholders of record on
November 8, 2010.
California Water Service Group is the parent company of California Water Service Company,
Washington Water Service Company, New Mexico Water Service Company, Hawaii Water Service Company,
Inc., CWS Utility Services, and HWS Utility Services, LLC. Together these companies provide
regulated and non-regulated water service to more than 2 million people in 100 California,
Washington, New Mexico and Hawaii communities. Groups common stock trades on the New York Stock
Exchange under the symbol CWT.
This news release contains forward-looking statements within the meaning established by the
Private Securities Litigation Reform Act of 1995 (Act). The forward-looking statements are
intended to qualify under provisions of the federal securities laws for safe harbor
treatment established by the Act. Forward-looking statements are based on currently available
information, expectations, estimates, assumptions and projections, and managements judgment about
the Company, the water utility industry and general economic conditions. Such words as expects,
intends, plans, believes, estimates, assumes, anticipates, projects, predicts, forecasts or
variations of such words or similar expressions are intended to identify forward-looking
statements. The forward-looking statements are not guarantees of future performance. They are
subject to uncertainty and changes in circumstances. Actual results may vary materially from what
is contained in a forward-looking statement. Factors that may cause a result different than
expected or anticipated include but are not limited to: governmental and regulatory commissions
decisions, including decisions on proper disposition of property; changes in regulatory
commissions policies and procedures; the timeliness of regulatory commissions actions concerning
rate relief; new legislation; changes in accounting valuations and estimates; the ability to
satisfy requirements related to the Sarbanes-Oxley Act and other regulations on internal controls;
electric power interruptions; increases in suppliers prices and the availability of supplies
including water and power; fluctuations in interest rates; changes in environmental compliance and
water quality requirements; acquisitions and our ability to successfully integrate acquired
companies; the ability to successfully implement business plans; changes in customer water use
patterns; the impact of weather on water sales and operating results; access to sufficient capital
on satisfactory terms; civil disturbances or terrorist threats or acts, or apprehension about the
possible future occurrences of acts of this type; the involvement of the United States in war or
other hostilities; restrictive covenants in or changes to the credit ratings on our current or
future debt that could increase our financing costs or affect our ability to borrow, make payments
on debt or pay dividends; and, other risks and unforeseen events. When considering forward-looking
statements, you should keep in mind the cautionary statements included in this paragraph. The
Company assumes no obligation to provide public updates of forward-looking statements.
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Source: California Water Service Group