California Water Service Group Annual Report 2005

Industry and Company Overview

ANNUAL REPORT HOME

Financial Highlights

Corporate Profile

to our Stockholders

CUSTOMERS

COVERAGE MAP

TEN-YEAR FINANCIAL REVIEW

MANAGEMENT'S DISCUSSION AND ANALYSIS

Consolidated Balance SheetS

Consolidated Statement of Income

Consolidated Statement of Common Stockholders' Equity and Comprehensive Income

Consolidated Statement of Cash Flows

Notes to Consolidated Financial Statements

Independent Auditors' Report

Controls and Procedures

bOARD OF DIRECTORS

Corporate Information

Like their municipal and privately owned counterparts, investor-owned water utilities deliver water to homes and businesses through systems of wells, pumps, reservoirs, treatment plants, and pipelines. Investor-owned water utilities typically appeal to conservative investors because their rates are regulated, their earnings drivers are straightforward, their dividends are steady, and their product is both essential and irreplaceable. California Water Service Group (NYSE: CWT) is the second largest investor-owned water utility in the United States, providing
high-quality water utility services to more than 2 million people in 100 communities through five subsidiaries: California Water Service Company (Cal Water), Hawaii Water Service Company, Inc. (Hawaii Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), and CWS Utility Services (Utility Services). Cal Water, Hawaii Water, New Mexico Water, and Washington Water provide regulated water utility services, while Utility Services conducts the Company’s non-regulated business, which includes providing billing, water quality testing, and water system operations and management services to cities and other companies.

Download the 2005 Annual Report