- Global Water Resources (GWRS, Financial) secures approval for rate increase, expected to boost revenue by $1.1 million annually.
- Implementation spread over three phases: 50% on May 1, 2025, 25% on November 1, 2025, and 25% on May 1, 2026.
- The Arizona Corporation Commission approves $3 million acquisition premium recovery deferral.
Global Water Resources, Inc. (GWRS), a specialist in water resource management, has received approval from the Arizona Corporation Commission to adjust water rates for GW-Farmers Water Company in Pima County, Arizona. The new rates are projected to add approximately $1.1 million to annual revenues, based on 2023 test-year service connections.
The rate increase will be phased in over three steps: 50% on May 1, 2025, followed by 25% on November 1, 2025, and the final 25% on May 1, 2026. This structured implementation is designed to gradually integrate the cost changes for customers, minimizing immediate impact.
Additionally, the Commission has approved a deferral allowing Global Water Resources to recover a $3 million acquisition premium. This will be addressed in a future rate case, offering Global Water Resources strategic financial flexibility.
GW-Farmers serves 3,494 active connections across approximately 21 square miles in Sahuarita, Arizona, accounting for 5.4% of Global Water's total active connections. The revenue generated from the rate increase will support service improvements, ensuring quality water delivery to its customers and the surrounding community.
Global Water Resources is recognized for its Total Water Management approach, which optimizes water use through integrated water, wastewater, and recycled water services. This method has earned the company several industry accolades, emphasizing its commitment to sustainable water management practices.
