Dividend Growth and Regulatory Update

SJW Group Capital Structure, ROE, and Rate Base California Connecticut Texas Maine Authorized capital structure (debt/equity) 47% / 53% 47% / 53% 37% / 63% 54% / 46% Authorized return on equity 8.90% 9.00% 10.88% 9.81% Authorized rate base (in millions) $958.9 $549.4 $43.3 $63.3 Estimated rate base at year-end (in millions) $1,023.1 $613.6 $95.1 $87.6 28

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