Dividend Growth and Regulatory Update
SJWC Rate Cases/Regulatory
2022 2024 Rate Case
-
Pending before the CPUC
SJJJ
SAN JOSE
WATER
SJW Group
•
Requesting $88 million increase in revenues over 3 years
•
Requesting authorization of $435 million 3-year capital budget
•
Requesting $18.5 million from balancing and memorandum accounts
•
•
Settlement agreement between SJW and PAO filed in January
Interim rates in place on January 1, 2022
New rates, if approved, expected to be effective 2Q 2022 and retroactive to
January 1
Cost of Capital Filing
Pending before the CPUC
• Requesting increases in revenue and ROE to 10.3%
.
Requesting adjustment to capital structure of 55% equity and 45% debt
• Proposed decrease in average cost of debt to 5.48%
• Decision expected in 3Q 2022
Constructive rate case
settlement agreement
benefiting customers and SJW
Recognizes need for
continued investment via
$350 million 3-year capital
program
Further aligns authorized and
actual consumption
Greater revenue recovery in
the fixed charge
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