California Water Service Group on Aug. 1 reported second-quarter 2019 net income of $17.0 million, or 35 cents per share, an increase from $14.8 million, or 31 cents per share, in the prior-year period.
The water utility attributed the increase to lower business development expenses, general rate increases and a higher allowance for equity funds used during construction.
Operating revenue grew to $179.0 million from $174.9 million in the comparable 2018 quarter.
