Exhibit 99.1
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NEWS RELEASE
CALIFORNIA WATER SERVICE
GROUP
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![(CWT LOGO)](f52290f5229002.gif) |
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1720 North First Street |
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San Jose, CA 95112-4598
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April 29, 2009 |
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For Immediate Release |
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Contact:
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Marty Kropelnicki (408) 367-8200 (analysts) |
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Shannon Dean (310) 257-1435 (media) |
CALIFORNIA WATER SERVICE GROUP BOARD OF DIRECTORS
DECLARES 257TH CONSECUTIVE QUARTERLY DIVIDEND
SAN JOSE, CA California Water Service Group (NYSE : CWT) announced today that its Board of
Directors has declared the companys 257th consecutive quarterly dividend in the amount
of $0.2950 per common share. It will be payable on May 18, 2009, to stockholders of record on May
8, 2009.
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., and CWS Utility Services. 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