California Water Service Group’s CWT subsidiary California Water Service started providing recycled water to a community located in the south-eastern Madera County named Tesoro Viejo Master Mutual Water Company for landscaping and agricultural needs. At present, it provides 40,000 gallons of recycled water in a day and it is expanding its volume with the increasing occupancy of homes in the community.It operates and maintains the community’s water systems including wastewater, recycled water and the one needed for agricultural purposes. Also, the unit is responsible for all capital projects to improve and expand the existing water systems. This move marks the company’s another effort to ensure continuous supply of safe, reliable and sustainable services for its customers. Recycling of water is part of water conservation measures and it will assist in preserving and protecting water resources.California Water Service is efficiently managing the upgrade and maintenance work of its aging infrastructure and is making systematic investments to fortify its infrastructure. After investing $298.7 million in 2020, the utility spent $138.5 million in the first six months of 2021. The company reaffirmed its 2021 capex estimates within the $270-$300 million range.Investments in Water SpaceThe U.S. water infrastructure, which includes more than 2.2 million miles of pipelines, is aging and needs major repair and upkeep to provide proper services. Per the findings of the American Society of Civil Engineers, water main breaks occur every two minutes in the United States due to wearing away of the existing water infrastructure. Pipeline cracks induce wastage of 6 billion gallons of potable water each day and add to the loss of water utility operators. Along with increasing the cost of water services, it exposes water to the possibility of contamination.Per the U.S. Environmental Protection Agency, an estimated $750-BILLION investment is necessary to sustain and expand drinking water as well as wastewater services to meet demand over the next two decades. Thus, the industry requires bulk expenditure to ensure 24x7 supply of drinkable water and continuous wastewater services.Hence, large water utilities are actively investing in enhancing their quality of services. American Water Works Company AWK has plans to invest $10.4 billion in the 2021-2025 time period and $22-$25 billion in the next decade. Middlesex Water Company MSEX has plans to invest $314 million during the 2021-2023 time period to strengthen its water and wastewater infrastructure. Another water utility American States Water Company AWR expects to spend in the range of $125-$135 million for the current year on regulated utilities.Price PerformanceShares of the utility have gained 39.6% in the past year, outperforming the industry’s rise of 21.5%.One Year Price PerformanceImage Source: Zacks Investment ResearchZacks RankThe company has a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Water Works Company, Inc. (AWK): Free Stock Analysis Report California Water Service Group (CWT): Free Stock Analysis Report American States Water Company (AWR): Free Stock Analysis Report Middlesex Water Company (MSEX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research