California Updates & ESG Initiatives slide image

California Updates & ESG Initiatives

Strategy for Continued Growth Capital Expenditures (CapEx) • • • Investment in water utility infrastructure and earning a return "of and on" that investment Five-year plan to invest $1.6B in water/wastewater infrastructure and PFAS remediation, subject to regulatory approval Leverage era of infrastructure replacement to deliver value for customers and shareholders Constructive Regulatory Environment • • Experienced and highly regarded regulatory teams working cooperatively with state commissions to align customer and shareholder interests Regulatory lag minimized by forward-looking test year in California and infrastructure replacement surcharge mechanisms in Connecticut, Maine and Texas Acquisitions Opportunistic, with a focus on growth potential • Water and wastewater systems • National footprint for growth SANCO BANCO SJW Group 6
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