San Jose Water Has Reached A Constructive Settlement Agreement In Its 2025 To 2027 General Rate Case That Was Filed With The California Public Utilities Commission On January 2, 2024; Provides $450M In Drinking Water Infrastructure Investment Over 3-Years; Approves The Recovery Of $15.8M From Balancing And Memorandum Accounts
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San Jose Water, a subsidiary of SJW Group, has reached a settlement agreement in its 2025-2027 General Rate Case with the California Public Utilities Commission. The agreement includes a $450 million investment in drinking water infrastructure over three years and the recovery of $15.8 million from balancing and memorandum accounts.
August 20, 2024 | 1:19 pm
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SJW Group's subsidiary, San Jose Water, has reached a settlement in its 2025-2027 General Rate Case, securing $450 million for infrastructure investment and $15.8 million recovery, potentially boosting future revenues.
The settlement agreement provides significant investment in infrastructure, which is likely to enhance service quality and operational efficiency. The recovery of $15.8 million also supports financial stability, potentially leading to positive investor sentiment and a short-term stock price increase.
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