AWK press release
RTPR•23/10/2026•16:22 ET
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Key Highlights
- ➤$825 million total construction estimate reflects delays and cost escalations
- ➤$588 million estimated customer-impact reduction over the project’s 40-year life
- ➤California American Water submitted financing and ratemaking updates to the CPUC
- ➤Monterey desalination project targets drought-proof water supplies and reduced rate impacts
Expert Statements
Sarah Leeper, President of California American Water
“California American Water remains committed to ensuring the Monterey Peninsula has a reliable water supply into the future, and we are taking steps to pursue alternative sources of financing to minimize the costs and protect affordability for our customers.”
Sarah Leeper, President of California American Water
“To mitigate the impacts of the project costs, our application proposes financing and ratemaking measures estimated to reduce the impact on customers by $588 million over the 40-year life of the project.”
California American Water Submits Monterey Desalination Project Financing and Cost Updates to the California Public Utilities Commission PR Newswire
The filing underscores the Monterey Peninsula's continued need for drought-proof water supplies and describes strategies to be implemented to offset project cost
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