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2006 News Releases
November 9, 2006
Connecticut Water
Service, Inc., Reports Third Quarter 2006 Earnings
CLINTON, CONNECTICUT, November 9, 2006 -
Connecticut Water Service, Inc. (NASDAQ GS:CTWS) announced that
its Net Income from Continuing Operations for the third-quarter
of 2006 was $3.5 million, or $0.42 per basic common share. Compared
to the same period in 2005, this was an increase of $221,000, or
$0.02 per basic common share. During the first nine months of 2006,
Net Income from Continuing Operations was $6.2 million, or $0.75
per basic common share, which was a decrease of about $285,000,
or $.05 per basic common share during the same period in 2005
October 26, 2006
Connecticut Water
Company and Regional Water Authority Water Supply Agreement Approved
by Public Utility Commission
Connecticut Water's payment to RWA for necessary
infrastructure improvements allowed in utility rate base.
CLINTON, CONNECTICUT, OCTOBER 26, 2006 - Connecticut Water Service,
Inc. (NASDAQ GS:CTWS) announced today that its regulated public
water utility subsidiary, The Connecticut Water Company, has received
approval from the Connecticut Department of Public Utility Control
(DPUC) to purchase up to one million gallons of treated drinking
water per day from the South Central Connecticut Regional Water
Authority (RWA) in New Haven. Under the terms of the 50-year agreement,
Connecticut Water is not required to purchase a minimum amount of
water and will pay RWA's prevailing wholesale rate for any water
purchased, and the agreement may be renewed for 20-year periods
after the initial 50-year term. The agreement is subject to additional
permit approvals from the Department of Environmental Protection
(DEP) and the Department of Public Health (DPH).
October 10, 2006
Connecticut Water
Completes Acquisition of South Coventry Water Supply Company
Clinton, Connecticut, October 10, 2006 —
Connecticut Water Service Inc. (NASDAQ-GS:CTWS) announced that its
regulated public water utility subsidiary, The Connecticut Water
Company, has completed the acquisition of the South Coventry Water
Supply Company in Coventry, Connecticut in a deal valued at approximately
$240,000. Connecticut Water acquired South Coventry Water for approximately
$93,000 and assumed approximately $147,000 in debt.
August 9, 2006
Connecticut Water
Service, Inc., Increases Dividend for 37th Consecutive Year Reports
Second Quarter 2006 Earnings
Clinton, Connecticut, August 9, 2006 –
Connecticut Water Service, Inc. (NASDAQ:CTWS) announced that its
Board of Directors approved an increase of the quarterly dividend
on common shares to $0.215 per quarter from $0.2125 per quarter.
This is the 37th year that the Company has been able to increase
its dividend payout to shareholders. The Company also announced
that its income from Continuing Operations for the second quarter
of 2006 was $977,000, or $0.12 per basic common share. Compared
with the second quarter of 2005 this is a decrease of $206,000,
or $0.03 per basic common share.
August 3, 2006
CWC to Operate &
Manage UConn's Systems
STORRS, CT, August 3, 2006 - Connecticut
Water Service Inc.’s (NASDAQ: CTWS) subsidiary, New England
Water Utility Services, was recently selected through a competitive
bidding process by the Un...
August 3, 2006
Connecticut Water
Selected to Operate and Manage UConn’s Water Systems
STORRS, CT, August 3, 2006 - Connecticut
Water Service Inc.’s (NASDAQ: CTWS) subsidiary, New England
Water Utility Services, was recently selected through a competitive
bidding process by the University of Connecticut to provide for
the total operation, management and maintenance of the University’s
water systems at the Storrs and Depot Campuses. The University’s
evaluation team determined that Connecticut Water’s technical
proposal best met the requirements for the operation, maintenance
and management of the University’s water systems. Connecticut
Water and the University have signed an Operating Agreement for
a two-year term with an option to extend it for two additional one-year
terms. If extended for both additional terms, the value of the total
agreement will exceed $1.75 million. In addition, Connecticut Water
anticipates that it will be able to assist the University in providing
needed capital improvements to the water systems during the term
of the agreement. Connecticut Water has been providing operating
services to the University’s water systems on an interim basis
since November 2005.
July 20, 2006
Connecticut Water
files for $14.6 Million Revenue Increase
Clinton, Connecticut – July 20, 2006
– Connecticut Water Service, Inc. (NASDAQ:CTWS) today announced
that its regulated water utility subsidiary, The Connecticut Water
Company, has filed a request with the Connecticut Department of
Public Utility Control (DPUC) to increase revenues $14.6 million
by raising rates for customers of its Connecticut Water, Crystal,
and Unionville divisions. The Connecticut Water division, the largest
division with approximately 86 percent of the total customer base,
has not increased rates in 15 years. Since the last rate increase,
the Company has invested more than $130 million in its infrastructure
while operating costs have increased by about 60 percent.
July 14, 2006
Connecticut Water
Service, Inc. on New NASDAQ Global Select Market
CLINTON, CONNECTICUT – July 14, 2006
– Connecticut Water Service, Inc., (CTWS:NASDAQ) today announced
that its common stock has been included in the new NASDAQ Global
Select Market. The NASDAQ Global Select Market has the highest initial
listing standards of any exchange in the world based on financial
and liquidity requirements. Prior to the change, the company’s
common stock had been listed on the NASDAQ National Market.
July 7, 2006
Connecticut Water
Service, Inc. Appoints Heather Hunt as Director
Clinton, Connecticut – July 7, 2006
– The Board of Directors of Connecticut Water Service, Inc.
(CTWS:NASDAQ) announces the appointment of Heather Hunt to the Board
effective June 30, 2006.
May 15, 2006
Connecticut Water
enters into Water Supply Agreement with South Central Connecticut
Regional Water Authority
Clinton, CT – May 11, 2006 –
Shareholders of Connecticut Water Service, Inc. (NASDAQ:CTWS) voted
for a slate of four directors at the Company’s May 11, 2006
Annual Meeting held in Mashantucket, Connecticut.
May 11, 2006
Connecticut Water
Service, Inc. Announces Dividends
Clinton, CT – May 11, 2006 –
Shareholders of Connecticut Water Service, Inc. (NASDAQ:CTWS) voted
for a slate of four directors at the Company’s May 11, 2006
Annual Meeting held in Mashantucket, Connecticut.
May 10, 2006
Connecticut Water
Service, Inc., Reports First Quarter 2006 Earnings
Clinton, Connecticut, May 10, 2006 - Connecticut
Water Service, Inc. (NASDAQ: CTWS) announced that its Net Income
from Continuing Operations for the first quarter of 2006 was $1.7
million or $0.21 per basic common share. Compared to the same period
in 2005 this is a decrease of $300,000, or $0.04 per basic common
share. Connecticut Water Service, Inc., New England's largest domestically
based investor owned water company, provides drinking water to 41
towns and over 81,000 customers throughout Connecticut through its
wholly owned public water utility subsidiaries.
April 3, 2006
Connecticut Water
Service, Inc. Reported Increased Net Income For The Year Ended December
31, 2005
Compared To 2004
Clinton, Connecticut - Connecticut Water
Service, Inc. (NASDAQ: CTWS), New England's largest domestic based
investor owned water company, serving over 81,000 customers in 41
towns throughout Connecticut, reported net income for the year ending
December 31, 2005 of $10.3 million, or $1.27 per basic common share.
This is an increase of approximately $900,000, or $0.10 per basic
common share, over 2004, when net income of $9.4 million, or $1.17
per basic common share was reported.
March 22, 2006
Eric Thornburg
to Lead Connecticut Water
Contact: Mary B. Ingarra, APR Manager of
Public Affairs 1-800-428-3985 x3014 / (860)-669-8630 x3014 mingarra@ctwater.com
Eric W. Thornburg to L...
March 13, 2006
CWC
top water utility in DPUC Scorcard
Contact: Mary B. Ingarra, APR Manager of
Public Affairs 1-800-428-3985 x3014 / (860)-669-8630 x3014 mingarra@ctwater.com
CWC ag...
January 12, 2006
Connecticut Water
Service, Inc. Appoints New President/CEO
January 12, 2006, Clinton, Connecticut -
The Board of Directors of Connecticut Water Service, Inc. (NASDAQ:CTWS)
at its Board meeting on January 11, 2006, unanimously approved the
appointment of Eric W. Thornburg as President and Chief Executive
Officer and a Director of the Company. He will assume the President/CEO
position at Connecticut Water on March 1, 2006..
January 11, 2006
Connecticut Water
Service, Inc. Announces Dividends
Clinton, Connecticut, January 11, 2006 —
Connecticut Water Service Inc. (NASDAQ:CTWS) Board of Directors
approved a quarterly common stock dividend of $.2125 per share.
The record date is March 1, 2006 and the payable date is March 15,
2006
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