Global Water Resources Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
19. OTHER, NET
- OTHER, NET
Other, net for the year ended December 31, 2024 and 2023 consists of the following (in thousands):
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Buckeye growth premiums | $2,916 | $2,424 |
| Allowance for equity funds used during construction | 892 | 981 |
| Gain/(Loss) on Disposal of Assets | (309) | 63 |
| Other | 151 | (70) |
| Total Other, net | $3,650 | $3,398 |
Stipulated Condemnation of the Operations and Assets of Valencia
The City of Buckeye is obligated to pay the Company a growth premium equal to $3,000 for each new water meter installed within Valencia’s prior service areas in the City of Buckeye, for a 20-year period ending December 31, 2034, subject to a maximum payout of $45.0 million over the term of the agreement. The Company received growth premiums of $2.9 million and $2.4 million for the years ended December 31, 2024 and 2023, respectively. An aggregate of $13.7 million in growth premiums have been received to date. The growth premiums are included in “Other, net” on the Company’s consolidated statements of operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.