Connecticut Water Service on Wednesday announced net income of $21.3 million, or earnings per basic average share of $1.95, on total revenues of $101.5 million.

Total revenues include revenues generated by the company's three business segments: water activities, service and rentals, and real estate, the company said in a news release. In 2013, the company had net income of $18.3 million, on total revenues of $99 million.

In 2014, net income in the company's core business, the water activities segment, was $19.8 million, on total revenues of $95.5 million, the company said. That compares net income in 2013 from the segment of $16.8 million, on total revenues of $93 million. The increase in revenues for the water activities segment was largely attributable to recovery of costs for completed infrastructure replacement projects in Maine Connecticut, the company said. In addition, for 2014 there was increased revenue from rate cases in Maine.

The company provides water service in 56 towns in Connecticut, including Colchester, Griswold, Lebanon, Old Lyme, Stonington and Voluntown.