Global Water Resources files settlement agreement in Farmers Water rate case

Global Water Resources (GWRS) has reached a unanimous settlement agreement related to the Global Water – Farmers Water Company general rate case application it had filed with the Arizona Corporation Commission, ACC, on June 27, 2024. The settlement agreement was filed with the ACC on January 10, 2025, with a hearing on the agreement scheduled to begin on February 10, 2025. This is the first rate case submitted for GW-Farmers since Global Water acquired the utility in 2023. The proposed new rates are based on 2023 test-year service connections. If approved, the new rates are expected to provide a revenue increase of approximately $1.1 million on an annualized basis. The increase would be implemented in three stages: 50% on May 1, 2025, 25% on November 1, 2025, and 25% on May 1, 2026.