California Updates & ESG Initiatives
Key Statistics by State
'
As of December 31, 2023
Capital Structure and Authorized ROE
Authorized capital structure (debt/equity)
Authorized ROE
Rate Base
California
Connecticut
Maine1
Texas
45% / 55%
47% / 53%
50% / 50%
42% / 58%2
9.31%3
9.00%
9.70%
10.88%²
Authorized rate base (in millions)
$1,114
$620
$135
$432
Estimated rate base at year-end (in millions) 4
$1,136
$731
$172
$1072
Connections
Water connections
Wastewater connections
Total Connections
232,400
107,700
33,800
28,000
0
232,400
3,000
110,700
0
950
33,800
28,950
1 Authorized capital structure and ROE for Maine Water's largest division, the Biddeford and Saco division. Effective January 1, 2024, the Biddeford and Saco division's
authorized ROE is 9.5% and its authorized capital structure is 49% debt and 51% equity.
2 Estimated
Approved WCCM-adjusted return on equity is 10.01% starting January 1, 2024, less a 20 basis point reduction due to the reimplementation of the WCMA
3
4 An approximation of rate base that includes net utility plan not yet included in rate base pending rate case filings and outcomes
SJW Group 40View entire presentation