CAGR : Compound annual growth rate, representing the geometric progression ratio that provides a constant rate of return over a time period. : Compound annual growth rate, representing the geometric progression ratio that provides a constant rate of return over a time period. And welcome to the 26 Second Quarter California Water Service Group earnings call. Welcome, everyone, to the second quarter 26 results call for California Water Service Group. Our 10 year compound annual growth rate increasing capital or growth capital is hovering right around 11.4% right now.