California Water Service Group

Hello, and thank you for standing by. I would like everyone to be welcome to the California Water Service Group Q4 2024 and full-year earnings conference call. I would now like to turn the call over to our CFO, Jim Lynch. Please go ahead.

Thank you, Dustin. Welcome, everyone, to our fourth quarter 2024 results call for California Water Service Group. With me today is Marty Kropelnicki, our chairman and CEO. and Greg Milliman, Vice President of Rates and Regulatory Affairs. Replay dial-in information from this call can be found in our quarterly results earnings release, which was issued earlier today. A replay of today's call will be available until March 31st, 2025. As a reminder, before we begin, the company has a slide deck to accompany today's earnings call. The slide deck was furnished with an 8K, and is also available on the company's website at www.calwatergroup.com. Before looking at our fourth quarter 2024 results, I'd like to cover forward-looking statements. During our call, we may make certain forward-looking statements. Because these statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from the company's current expectations. As a result, we strongly advise all current shareholders and interested parties to carefully read the company's disclosures on risks and uncertainties found in our Form 10-K, Form 10-Qs, press releases, and other reports filed with the Security and Exchange Commission. And now I'll turn the call over to Marty.

Thank you, Jim. Good morning, everyone. I'm going to give you a brief overview before we jump into the details. And I'll just start off by saying what a difference a year makes. We started 2024 with delayed 21 general rate case for California. That was financially very challenging for the company. And now we end the year in excellent financial position, setting a new number of highs on certain critical business elements, including revenue, capital investment from our infrastructure improvement plans, rate-based growth, and dividend growth. And in our continued work on wildfire hardening, resiliency planning and sustainability, and our proactive approach to emergency preparedness and response planning. And it really was one heck of a year. I think as we go through the results here today, I believe you will agree that Cal Water accomplished a lot in 2024 under difficult circumstances, but by the end of the year, it has positioned us very, very well for continued success in 2025 and beyond. So Jim, with that, why don't we jump into the results for the year? Great.