California Updates & ESG Initiatives
Maine Updates
In March 2023, Maine Water Company requested a
$2.9 million revenue increase in the Biddeford-Saco
Division (BSD) to reflect actual operating expenses of
new $60 million treatment facility and increased
financing costs
•
On January 5, 2024, the Maine Public Utilities Commission
approved a stipulation agreement between Maine Water and
the Office of the Public Advocate on the BSD general rate case
Provisions of the approved stipulation agreement:
•
•
Maine Water revenues increase $2.6 million effective January 1, 2024
ROE for future Water Infrastructure Charges (WISC) at 9.5% with an
assumed 51% equity/49% debt capital structure
GRC rate stay out provision in the BSD through January 1, 2027
Decision on WISC filing requesting $158,000 in the
Camden-Rockland Division expected in 1Q24
Maine Water
Biddeford-Saco Division
GRC
Application filed requesting
$2.9 million revenue increase
in March 2023
$1.5 million in temporary
rates authorized in August
2023
On January 3 2024 the
MPUC approved the
stipulation agreement
reached with OPA
SJW Group 16View entire presentation