Water Utilities
Case studies in water utilities.
American Water: sequencing a regulated growth plan under merger uncertainty
American Water’s September 2026 investor presentation laid out a large standalone growth plan: $17.0–17.5 billion of regulated system investment and $2.0–2.5 billion of regulated acquisitions from 2026 through 2030, or $19–20 billion in total. The longer 2026–2035 plan was $46–48 billion. Read case
California Water Service Group: How Much Revenue Protection Is Enough?
On 17 March 2026, California Water Service Group (Cal Water, NYSE: CWT) told investors that the California Public Utilities Commission (CPUC) had issued a proposed decision in the company's 2024 California general rate case. The Commission had not voted. Read case