2008 News Releases

December 16 , 2008

Connecticut Water's Safety Program Earns Award

Connecticut Water was recently presented with The Connecticut Construction Industries Association’s (CCIA) 2008 Safety Recognition Award.

November 26, 2008

Connecticut Water Offices Collecting Non-Perishable Food Items During Holiday Season

Connecticut Water is collecting non-perishable food items for needy families across Connecticut this holiday season. 

November 24, 2008

Connecticut Water Service, Inc. Approves Increased Capital Spending and Declares Dividends

Connecticut Water Service, Inc. (NASDAQ-GS: CTWS) today announced that the Company’s Board of Directors approved a $26.4 million Capital Spending Plan for 2009, which represents an $8.1 million, or 44%, increase over 2008’s projected spending of $18.3 million. The Board also declared a quarterly cash dividend of $0.2225 per common share payable on December 15, 2008 for shareholders of record as of December 1, 2008.

November 10, 2008

Connecticut Water and Avon Water Sign Agreement to Interconnect Water Systems

Connecticut Water Company and the Avon Water Company have entered into a water purchase and sale agreement which would enable Connecticut Water to purchase up to 1 million gallons of water per day from Avon Water. 

November 7, 2008

Connecticut Water Service, Inc. Reports Third Quarter Earnings

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that unusually wet weather between July and September led to an average 10% reduction in billed water consumption per customer compared to the same period in 2007 and adversely impacted the Company’s revenues and net income in the third quarter of 2008.  The National Weather Service, at Bradley International Airport, located in the Company’s northern service area, recorded rain on 43 days during the quarter, including 10 of the 13 weekends, totaling 23.95 inches.  In 2007, 6.69 inches of rain was recorded at Bradley during the same period, and normal rainfall for the period is 11.8 inches.

October 30, 2008

Connecticut Water Named One of America's Finest Companies by The Staton Institute, Inc.

Connecticut Water Service, Inc. (CTWS GS:NASDAQ) is pleased to announce that it was recognized in the 2009 edition of America's Finest Companies® published by financial coaches Bill and Mary Staton of The Staton Institute® and Staton Financial Advisors LLC. Connecticut Water has been recognized as one of America’s Finest Companies by the Staton Institute in all 18 editions of its directory.

September 23, 2008

Unwanted Medication Event Well Attended

Connecticut Water's Rx for Safe Disposal event collected 205 gallons of unwanted medication from about 130 individuals who attended it on Saturday, September 20.

August 20, 2008

Connecticut Water Service, Inc. Increases Dividend

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that on August 19, 2008 the Company’s Board of Directors approved an annualized dividend increase of two-cents per common share, or 2.3%, above the current cash dividend. The quarterly cash dividend on common shares was increased to $0.2225 per quarter from $0.2175.

August 13, 2008

Connecticut Water Hosts Collection Day for Unwanted Medication September 20

Connecticut Water, in cooperation with CVS/pharmacy and the State Department of Consumer Protection, is hosting an Unwanted Medication Collections event at its Clinton office at 93 West Main Street (Route 1), Clinton, on Saturday, September 20, from 10 a.m. to 2 p.m.

August 8, 2008

Connecticut Water Service, Inc. Reports Second Quarter Earnings

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that net income for the three months ending June 30, 2008 totaled $2.9 million, or $0.35 per basic common share, on operating revenues of $16 million. During the same period in 2007, the Company reported net income of nearly $1.9 million, or $0.22 per basic common share, on revenues of $14.4 million.

July 23, 2008

Connecticut Water Signs Agreement to Purchase Ellington Acres Company

The Connecticut Water Company (CWC), a wholly owned subsidiary of Connecticut Water Service, Inc. (NASDAQ GS:CTWS), announced today that it has signed a definitive agreement to purchase the Ellington Acres Company (EAC). EAC is a regulated water utility company that provides water service to approximately 750 customers, or approximately 2,300 people in the town of Ellington, Connecticut.

July 14, 2008 

Annual Water Quality Report Available from Connecticut Water

Connecticut Water recently mailed its 2007 Water Quality Report to more than 86,000 customers that are served by the company.   

July 2, 2008

Connecticut Water Service, Inc. added to Russell 3000® Index

Connecticut Water Service, Inc.(NASDAQ GS:CTWS) today announced that it is now a part of the Russell 3000® Index. Connecticut Water was added to the index on June 27, 2008 when Russell Investments reconstituted its U.S. and global equity indexes. Russell announced the final additions and deletions to its indexes on June 30, 2008.

July 1, 2008

Connecticut Water's Dan Lesnieski Receives Top Award from AWWA

Dan Lesnieski, Infrastructure Rehabilitation manager at The Connecticut Water Company, was recently presented with the George W. Fuller Aware by the Connecticut Section American Water Works Association (CTAWWA) at the American Water Works Association's Annual Conference and Exposition in Atlanta, Ga.

May 28, 2008

Connecticut Water Reminds Residents to Help Prevent Cross Connections

As warmer weather approaches, Connecticut Water reminds customers to protect their home’s drinking water supply by preventing what is known as a “cross connection.”  

May 21, 2008

Connecticut Water Sponsors Connecticut Trails Day Hikes

Connecticut Water is leading two hikes on its watershed properties in Killingworth and Tolland on Saturday, June 7, as part of its sponsorship of the Connecticut Forest & Park Association’s Connecticut Trails Day 2008.

May 16, 2008

Connecticut Water Service, Inc. Elects Directors and Declares Dividends

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 2008, at the Company’s Annual Meeting of Shareholders held on May 15, 2008 in Groton, Connecticut.

May 12, 2008

Connecticut Water Service, Inc. Reports Q1 Earnings Gain

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that net income in the first three months of 2008 totaled $1.7 million, or $0.20 per basic common share. During the same period in 2007, the Company reported net income of nearly $1.5 million, or $0.18 per basic common share.

April 18, 2008

Connecticut Water Supports Work Zone Safety Awareness Month

Connecticut Water is supporting the "Work Zone SafetyAwarness Month" Campaign in April Across Connecticut.

April 15, 2008

Connecticut Water Files with Town of Windsor Locks Notice of Intent to Abandon Former Water Supply

The Connecticut Water Company provided Windsor Locks First Selectman Steve Wawruck a notice of its intent to abandon its Windsor Locks public drinking water supply wellfield.

April 8, 2008

Connecticut Water Offers Customers Convenience of Paying Online with Credit or Debit Cards

Connecticut Water is now offering customers the added convenience and flexibility of being able to pay their water bill with a credit or debit card online at www.ctwater.com.

April 4, 2008

Shenipsit Lake Recreation Program Opens April 19

The Connecticut Water Company and the Shenipsit Lake Association (SLA) announce the opening of the Shenipsit Lake Reservoir Recreation Program on Saturday, April 19.

March 18, 2008

Connecticut Water Service, Inc. Reports Earnings Gain

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that income from continuing operations showed a strong gain in 2007 totaling $8.8 million, or $1.06 per basic common share. In 2006, the Company reported income of $6.7 million, or $0.81 per basic common share.

February 12, 2008

Connecticut Water's Kristen A. Johnson Elected Vice President Human Resources

Kristen A. Johnson was recently elected Vice President – Human Resources by the Connecticut Water Company’s Board of Directors.  She had previously served as the company’s Director of Human Resources

February 6, 2008

Connecticut Water Launches Web Site Redesign

Connecticut Water Company has redesigned its Web site, www.ctwater.com, with expanded content and a new look to make it easier for customers, shareholders, news media and other site visitors to find what they are looking for.  

January 31, 2008

Connecticut Water Names Thomas R. Marston as Vice President - Business Development

Connecticut Water (NASDAQ GS: CTWS) announced that Thomas R. Marston has been named Vice President – Business Development. Prior to his appointment, Mr. Marston had served as the Company’s Vice President – Treatment and Planning.

January 25, 2008

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 March 17, 2008 for shareholders of record as of March 3, 2008. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $0.87 per share.

January 16, 2008

Transaction to Acquire Birmingham Utilities Complete

January 16, 2008

Connecticut Water completes acquisition of Birmingham Utilities’ Eastern Division

Connecticut Water Service, Inc. (NASDAQ GS: CTWS, the “Company”) announced that its public water utility subsidiary, The Connecticut Water Company, has completed the acquisition of the Eastern Division of Birmingham Utilities, Inc. (Birmingham), that was previously announced last June and approved by the Connecticut Department of Utility Control in November 2007. Connecticut Water is acquiring 2,200 customers serving a population of about 7,500 in 15 Eastern Connecticut towns in an area where the Company already has water system operations.

News Releases

2009
Archived News Releases