California Updates & ESG Initiatives slide image

California Updates & ESG Initiatives

2023/24 Regulatory Filings Pending and Approved State Docket # Type* Filing Date Order Date Status Revenue Revenue Requested Approved (annualized) (annualized) Advice Letter CA WCCM 10/13/23 11/14/23 Effective 01/01/24 601 Advice Letter CA 603 Group Insurance Balancing Account 11/14/23 12/28/23 Effective 01/01/24 CA Advice Letter 605 CA Step Rate Increase Request for one-year deferment of COC filing 11/21/23 12/28/23 Effective 01/01/24 $21.3M 12/15/23 02/02/24 Approved CA 24-01-0011 GRC 01/02/24 2025 $55.2M 2026 $22.0M 2027 $25.8M CT 23-08-32 GRC 10/03/23 To be effective 7/01/24 ME ME 2023-00065 2023-00163 TX 54430 TX 56106 GRC Biddeford-Saco 3 WISC Camden-Rockland System Improvement Charge Acquisition-3009 03/31/23 01/05/24 06/30/23 Effective 01/01/24 12/30/22 -- 01/05/24 Proposed Order on 02/13/24 Application filed 01/05/24 $21.4M $2.9M $158K $1.6M $2.6M Comments WCCM trigger adjusting ROR for 2024 2024 step rate increase for 2022 to 2024 GRC Next COC filing due 5/1/25 Maintains WCCM for 2025 GRC for 2025, 2026, and 2027 rates 18.1% increase; 10.5% ROE Retroactive to 01/01/24 Rate base of $14.8M ~270 connections; filed rate doctrine and FMV 1 CA GRC requested revenue in each of covered rate years WCCM = Water Cost of Capital Mechanism; GRC = General Rate Case; WISC = Water Infrastructure Surcharge; WICA = Water Infrastructure and Conservation Adjustment; SIC System Improvement Charge = SJW Group 41
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