San Jose Water Receives $15.3M In Customer Relief Funding From California's Water And Wastewater Arrearage Payment Program To Assist Customers Affected By COVID-19 Financial Hardships
Portfolio Pulse from Benzinga Newsdesk
San Jose Water has received $15.3 million in customer relief funding from California's Water and Wastewater Arrearage Payment Program to assist customers affected by COVID-19 financial hardships.
June 10, 2024 | 8:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
San Jose Water (SJW) has received $15.3 million in funding from California's Water and Wastewater Arrearage Payment Program to assist customers affected by COVID-19 financial hardships.
The $15.3 million funding will provide financial relief to customers, potentially improving customer satisfaction and reducing bad debt expenses for SJW. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100