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Global Water Announces Requests Rate Increase for the City of Maricopa

Global Water Resources (“Global Water”) announced today that the Arizona Corporation Commission (“ACC”) has begun its evaluation of the Applications for Rate Increases for six of their utilities. Global Water filed the rate applications in late February and the applications were found “sufficient” by the ACC on April 30, 2009.

One of the key reasons for the rate request is the over $200 million that Global Water invested in building integrated water, wastewater and recycled water infrastructure in the city of Maricopa, AZ. In the West Valley, over $25 million has been invested in capital improvements over the last three years, including substantial amounts associated with meeting new federally mandated water quality standards. In addition, the rates for all of the utilities in the application were established eight to 10 years ago. Since then, many of Global Water’s expenses have increased dramatically - costs for chemicals, energy, equipment and maintenance have far outpaced the rate of inflation.