Global Water Resources Receives ACC Approval for Rate Increase for GW-Santa Cruz
Key Highlights
- ➤GW-Santa Cruz rates take effect December 1, 2026
- ➤Annual revenue expected to increase approximately $2.3 million
- ➤Approved rate base totals $63.6 million
- ➤Authorized return on equity set at 9.6%
- ➤GW-Palo Verde credit proposal could reduce annual revenue approximately $0.4 million
Expert Statements
Ron Fleming, President and CEO of Global Water Resources
“We have served customers through GW-Santa Cruz for more than two decades, and the new rates are expected to support our continued investment in the infrastructure needed to provide safe, reliable water service to our customers.”
Ron Fleming, President and CEO of Global Water Resources
“We believe the new rates approved by the ACC balance recovery of our investments with the needs of the communities we have the privilege to serve.”
Ron Fleming, President and CEO of Global Water Resources
“We appreciate the efforts of ACC Utilities Division Staff and the Residential Utility Consumer Office throughout the rate review process.”
PHOENIX, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has received approval from the Arizona Corporation Commission (ACC) to establish new water rates for Global Water – Santa Cruz Water Company, Inc. (GW-Santa Cruz). GW-Santa Cruz, the company’s regional water utility, serves Pinal County, Arizona, including the City of Maricopa, Red Rock, and Inland Port Arizona. The new rates will take effect on December 1, 2026.
The rate increase is expected to increase GW-Santa Cruz’s annual revenue by approximately $2.3 million, based on a 2024 test year with updates for post-test-year plant. The approved settlement provides for a rate base of $63.6 million (the value of utility investment recognized for calculating an authorized return through customer rates), a capital structure of 55% common equity and 45% debt, and a return on equity of 9.6%.
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