RegulatoryApr 30, 2026, 01:39 PM
GWRS: GW-Santa Cruz Rate Case Settlement Adds $2.3M Annual Revenue
AI Summary
Global Water Resources' subsidiaries, GW-Santa Cruz and GW-Palo Verde, reached a settlement agreement with the Arizona Corporation Commission (ACC) Staff and RUCO on their rate cases. If approved by the ACC, the agreement will increase GW-Santa Cruz's annual revenue requirement by approximately $2.3 million, with new rates effective November 1, 2026. GW-Palo Verde will withdraw its current rate case and refile in 2027, also agreeing to increase a temporary customer bill credit by $0.4 million annually.
Key Highlights
- GW-Santa Cruz's annual revenue requirement to increase by approximately $2.3 million.
- New rates for GW-Santa Cruz requested to be effective November 1, 2026.
- GW-Santa Cruz's rate base set at $63.6 million with a 9.6% return on equity.
- Estimated bill increase for median GW-Santa Cruz water user of $2.68 per month.
- GW-Palo Verde to withdraw current rate case and refile its rate application in 2027.
- GW-Palo Verde to increase temporary customer bill credit by approximately $0.4 million annually.
- The settlement agreement remains subject to the approval of the Arizona Corporation Commission.
Price Impact
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