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GWRS News
GWRS Events
Global Water Resources Files $100M Mixed Securities Shelf
Global Water Resources files $100M mixed securities shelf
Global Water Resources Names Steele to Board of Directors
Global Water Resources has appointed Christa Steele to its board of directors, effective January 1, 2026. She succeeds Debra Coy who, as previously announced, will resign from the board at the end of the year to dedicate time to family and pursue other interests. Following the appointment of Steele and the resignation of Coy, the board will continue to be comprised of seven directors, with four serving as independent directors.
Global Water celebrates newly enacted 'Ag-to-Urban' program
Global Water Resources recognized the recent passage of Arizona's Assured Water Supply "Ag-to-Urban" program as a transformative development for water sustainability, housing, and economic growth across the state. The program allows landowners who cease agricultural operations to convert their water rights to the municipal sector for use in new development. By supporting the conversion of irrigated agricultural land-historically consuming an average of 3.8 acre-feet of water per acre annually in Phoenix Active Management Area and 3.0 acre-feet in the Pinal AMA-into residential uses that require only a fraction of that volume, the program directly alleviates pressure on aquifers while enabling new development opportunities. "We extend our sincere gratitude to Governor Katie Hobbs and Senator T.J. Shope for their leadership in securing legislation that meaningfully advances water stewardship and regional resilience," said Ron Fleming, president and CEO.
Global Water Resources completes acquisition of water systems from Tucson Water
Global Water Resources has completed the previously announced acquisition of seven water systems from Tucson Water, the City of Tucson's water utility. The assets were acquired at a value equivalent to approximately 1.05 times the current rate base of approximately $7.7M and are expected to generate approximately $1.5M in revenue annually. The acquired water systems are located in and around Pima County where they serve approximately 2,200 water service connections and will be integrated with existing Global Water utilities in the area. Global Water plans to install an automated meter infrastructure. This will include upgrading customer connections with smart meters that enable wireless usage metering, similar to the technology Global Water has deployed for more than 95% of its existing water connections.
Global Water applauds ADOT for 5-Year Transportation Construction program
Global Water Resources applauds the Arizona Department of Transportation, ADOT, for adopting its $11.6 billion 2026-2030 Five-Year Transportation Facilities Construction Program, including more than $249 million for several planned improvement projects on the State Route 347 corridor. The projects represent a transformative investment in regional infrastructure that will enhance safety, improve mobility, and support the continued growth of the City of Maricopa and surrounding areas. SR 347 serves as the primary transportation corridor connecting Maricopa to the greater Phoenix metropolitan area. Currently accommodating more than 58,000 vehicles daily, the highway has long been a bottleneck for commuters and commercial traffic. The projects will expand SR 347 by one lane in each direction over a 13-mile stretch between City of Maricopa Limits and Interstate 10, eliminate key traffic signals, and upgrade critical intersections and bridges. Design work is slated to begin later this year, with construction anticipated to commence in fiscal year 2026.
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