California Updates & ESG Initiatives

Meeting Long-Term Investment Needs $1.6 billion in infrastructure investment planned for 2024 - 2028 Timely Recovery Through Regulatory Mechanisms in 20241 -65% Forward-Looking Test Year Infrastructure Recovery Mechanism Traditional Recovery ~35% 1 Based on budgeted investments or filings that qualify for infrastructure recovery mechanisms 2 Includes approximately $29 million for Advanced Metering Infrastructure at San Jose Water Company in 2024 2024 Budgeted CapEx In millions TX $49M CT $94M ME $20M $332M² CA $169M SJW Group 8

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