Current Report Filing (8-k)
May 04 2021 - 9:21AM
Edgar (US Regulatory)
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2021-05-03
2021-05-03
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13
or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 3, 2021
CALIFORNIA WATER SERVICE GROUP
(Exact name of Registrant as Specified in
its Charter)
Delaware
(State or other jurisdiction
of incorporation)
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1-13883
(Commission file number)
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77-0448994
(I.R.S. Employer
Identification Number)
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1720 North First Street
San Jose, California
(Address of principal executive offices)
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95112
(Zip Code)
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(408) 367-8200
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Shares, par value $0.01
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CWT
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging
growth company as defined by Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01.
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Regulation FD Disclosure.
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On May 3, 2021, California Water Service Company, the Registrant’s
California regulated utility subsidiary (“Cal Water”), filed its required application with the California Public Utilities
Commission (the “Commission”) to review its cost of capital for 2022 through 2024. Cal Water requested a return on equity
of 10.35%, a cost of debt of 4.23%, and a 53.4% equity capital structure. The Commission will evaluate the proposal along with proposals
of other parties and, according to its standard process, is expected to issue a decision late in 2021.
The information furnished pursuant to Item 7.01 of this Current Report
shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly
set forth by specific reference in such a filing.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CALIFORNIA WATER SERVICE GROUP
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Date: May 4, 2021
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By:
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/s/ Thomas F. Smegal
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Name:
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Thomas F. Smegal
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Title:
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Vice President, Chief Financial Officer & Treasurer
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California Water Service (NYSE:CWT)
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