California Updates & ESG Initiatives slide image

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 16
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