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2007 News Releases
December 20, 2007
Connecticut Water Receives Boston Club Award
The Boston Club has recognized Connecticut Water Service, Inc., the parent of The Connecticut Water Company, with a Corporate Salute Award, as one of 53 New England public companies with three or more women on its board of directors.
December 17, 2007
Connecticut Water Earns Safety Recognition Award
The Connecticut Construction Industries Association (CCIA) recently presented Connecticut Water with a 2007 Safety Recognition Award.
December 5, 2007
Nicholas A. Rinaldi Named Controller at Connecticut Water
Nicholas A. Rinaldi has been named controller at Connecticut Water Service, Inc. responsible for all of the company’s accounting, taxes, financial reporting and purchasing activities.
November 29, 2007
Connecticut Water Acquires Hilldale Park Water System
Connecticut Water (NASDAQ GS: CTWS) has announced that it has completed the acquisition of the Hilldale Park water system in Plainfield, Connecticut. The Hilldale Park Homeowner’s Association has transferred the assets of the water system and its customers at no cost to Connecticut Water. The Hilldale Park water system will be tied into one of Connecticut Water’s existing water distribution systems.
November 21, 2007
DPUC Approves Sale of Birmingham Utilities to South Central Connecticut Regional Water Authority and The Connecticut Water Company
The Connecticut Department of Public Utility Control (DPUC) approved the sale of Birmingham Utilities to the South Central Connecticut Regional Water Authority (RWA) of New Haven, Conn. and the Connecticut Water Company of Clinton, Conn.
November 19, 2007
Connecticut Water Service, Inc. Declares Dividends
Connecticut Water Service, Inc. (NASDAQ-GS: CTWS) today announced that the Company’s Board of Directors has declared a quarterly cash dividend of $ 0.2175 per common share payable on December 17, 2007 for shareholders of record as of December 3, 2007. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $0.87.
November 7, 2007
Connecticut Water Service, Inc. Reports Earnings Gain
Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that its earnings for the third quarter of 2007 continued to show strong gains over the same period of 2006. The Company’s core business segment, the Water Activities Segment, experienced more than a 53 percent jump in net income from continuing operations in the period from July 1 to September 30, 2007 compared to the same period in 2006.
September 20, 2007
Peter Pezanko Named Connecticut Director of New England Water Works Association
Peter Pezanko, special project manager for the New England Water Utility Services division of The Connecticut Water Company, was recently elected to a two-year term as the Connecticut Director of the New England Water Works Association (NEWWA).
August 21, 2007
Connecticut Water Service, Inc. Increases and Declares Dividend – 38th Consecutive Year of Dividend Increases
Connecticut Water Service, Inc. (NASDAQGS: CTWS) announced that on August 16, 2007 the Company’s Board of Directors approved an increase in the quarterly dividend on common shares to $0.2175 per quarter from $0.215 per quarter, and declared a quarterly cash dividend on common shares payable on September 17, 2007 for shareholders of record as of September 3, 2007.
August 15, 2007
2006 Water Quality Report Available
Connecticut Water Company’s 2006 Water Quality Report clearly demonstrates that the water delivered to customers meets or is better than state and federal standards for drinking water.
August
8, 2007
Connecticut
Water Service, Inc., Reports Strong Earnings Gain
Clinton, Connecticut, August 8, 2007 –
Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that
its earnings for the second quarter of 2007 continued to show strong
gains over the same period of 2006. For the period from April 1
to June 30, 2007, income from continuing operations totaled $1.9
million, or $0.22 per basic common share, nearly doubled from the
same period last year. For the same period in 2006, the Company
reported income from continuing operations of $977,000, or $0.12
per basic common share.
July 23, 2007
Kristen
A. Johnson Joins Connecticut Water
Kristen A. Johnson Joins Connecticut Water
as Human Resources Director CLINTON, CONNECTICUT – July 23,
2007 – Kristen A. Johnson has been named Director of Human
Resources at Connecticut Water Servi...
June 29, 2007
Birmingham Utilities
Announces Sale of Company to South Central Connecticut Regional
Water Authority and The Connecticut Water Company RWA to acquire
Ansonia Division, CWC to acquire Eastern Operations
ANSONIA, CONNECTICUT – June 29, 2007
– BIW Limited, the parent company of Birmingham Utilities
and Birmingham H2O Services, announced today that it has signed
an agreement to sell the company to the South Central Connecticut
Regional Water Authority (RWA) of New Haven, CT for $23.75 per share,
or approximately $40 million. RWA will acquire the 9,500 Birmingham
Utilities customers in Ansonia, Derby, and Seymour. As part of the
transaction, Connecticut Water will pay $3.5 million for the assets
of Birmingham Utilities’ Eastern Division, which has 2,200
customers in 15 towns.
June 20, 2007
Connecticut
Water's Dan Lesnieski Receives Award
CLINTON, CONNECTICUT – June 20, 2007
– Dan Lesnieski, senior engineer at The Connecticut Water
Company, was recently presented with the New England Water Works
Association’s Water Works State Leadersh...
May 10, 2007
Connecticut Water
Service, Inc. Elects Directors and Declares Dividends New Chairman
and Lead Independent Director appointed
Clinton, Connecticut, May 10, 2007 –
Shareholders of Connecticut Water Service, Inc. (NASDAQ GS:CTWS)
elected a slate of three directors and ratified the Audit Committee’s
selection of PricewaterhouseCoopers LLP as independent auditors
for 2007, at the Company’s Annual Meeting of Shareholders
held on May 8, 2007 in Storrs, Connecticut. The President/CEO and
the Vice President/CFO’s presentation at the Annual Meeting
of Shareholders will be available for viewing for 30 days at the
Company’s web site: www.ctwater.com on the Investor Info page.
May 7, 2007
Connecticut Water
Service, Inc., Reports Significant Earnings Increase from its Water
Activities Segment
Clinton, Connecticut, May 7, 2007 –
Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that
for the first quarter of 2007, income from continuing operations
for its Water Activities segment totaled $1.3 million, or $0.16
per basic common share. Compared to the same period of 2006, this
is an increase of approximately $700,000, or $0.08 per basic common
share. The improvement reflects the effect of a 22.3% rate increase
approved by the Connecticut Department of Public Utility Control
in January. The Water Activities business, the largest of the Company’s
three segments, provided 93% of total revenues in the first quarter
of 2007.
May 7, 2007
Children’s
Fishing Derby at Shenipsit Lake
CLINTON, CONNECTICUT – May 7, 2007
– Children ages 15 and under are invited to participate in
a free fishing derby at Shenipsit Lake Reservoir, located in Ellington,
Vernon and Tolland, Saturday, May ...
April 25, 2007
Connecticut
Water Begins Watershed Inspections
CLINTON, CONNECTICUT – April 25, 2007
– This is the time of year when Connecticut Water Company
begins its annual sanitary inspections of properties located within
its public water supply areas. These...
April 17, 2007
Shenipsit
Lake Recreation Program Opens April 21
CLINTON, CONNECTICUT, April 17, 2007 – The Connecticut Water
Company and the Shenipsit Lake Association (SLA) announce the opening
of the Shenipsit Lake Reservoir Recreation Program on Saturday,
April...
March 19, 2007
Connecticut Water
Completes Acquisition of Avery Heights Water System
Clinton, Connecticut, March 19, 2007 –
Connecticut Water Service, Inc. (Nasdaq GS: CTWS) has announced
that its regulated water utility subsidiary, The Connecticut Water
Company, has completed the acquisition of the Avery Heights Water
System in South Windsor, Connecticut. The Avery Heights Homeowner’s
Association transferred the assets of the water system and its 216
customers at no cost to Connecticut Water.
March 16, 2007
Connecticut Water
Service, Inc. Reports 2006 Earnings 2007 Rate Increase Expected
to Boost Revenues
Clinton, Connecticut, March 16, 2007 - Connecticut
Water Service, Inc. (NASDAQ GS: CTWS) - New England's largest domestically
based, investor owned-water company - reported income from continuing
operations of $6.7 million, or $0.81 per diluted common share, for
the year ending December 31, 2006. This is a decrease of approximately
$458,000, or $0.07 per diluted common share, from 2005, when income
from continuing operations totaled $7.1 million, or $0.88 per diluted
common share.
March 15, 2007
Avery Heights
Acquisition Completed
CLINTON, CONNECTICUT – March 15, 2007
– The Connecticut Water Company has completed the acquisition
of the Avery Heights Water Association, Inc. (AHWA) of South Windsor.
Under the arrangement, A...
February 2, 2007
Connecticut Water
Service, Inc. Declares Dividends
Clinton, Connecticut, February 2, 2007 -
Connecticut Water Service, Inc. (NASDAQ-GS: CTWS) today announced
that the Company's Board of Directors has declared a quarterly cash
dividend of $ 0.215 per common share payable on March 15, 2007 for
shareholders of record as of March 1, 2007. This quarterly dividend
remains unchanged from the previous quarter and represents an annualized
dividend of $0.86.
January 17, 2007
Connecticut Water
Service, Inc. Announces Rate Case Decision
CLINTON, CONNECTICUT, January 17, 2007 –
The Connecticut Water Company, a wholly-owned subsidiary of Connecticut
Water Service, Inc. (NASDAQ GS:CTWS), announced that the Connecticut
Department of Public Utility Control (DPUC) has issued a final decision
approving an amended Settlement Agreement on the Company’s
application to amend rates. Last July, Connecticut Water filed its
first application in 15 years to raise rates requesting a $14.6
million increase in annual revenue to, in large part, recover $130
million in infrastructure improvements and a 60 percent increase
in operating costs.
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