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Stock impact report

SJW Group Announces Deferral of San Jose Water Company’s Cost of Capital Filing to May 1, 2025

SJW Group (DE) (SJW) 
Last sjw group (de) earnings: 2/26 07:39 pm Check Earnings Report
US:NYSE Investor Relations: sjwgroup.com/investor_relations
Company Research Source: Business Wire
Water Cost of Capital Mechanism Remains in place for 2025 SAN JOSE, Calif.--(BUSINESS WIRE)--SJW Group (NYSE: SJW) announced today that its wholly owned subsidiary, San Jose Water Company, along with three other California water utilities (the “Joint Parties”) received a letter dated Feb. 2, 2024, from the Executive Director of the California Public Utilities Commission (“CPUC”) granting the Joint Parties’ request to defer their scheduled 2024 Cost of Capital (“COC”) filings to May 1, 2025.On December 15, 2023, the Joint Parties filed a request for a one-year postponement of their COC filings otherwise scheduled to be filed on May 1, 2024. Pursuant to the CPUC’s rate case plan, the Joint Parties are required to file their COC applications every three years. The last COC decision, issued on June 29, 2023, is in effect through the end of 2024. Postponing the filing for one year alleviates administrative processing costs for both the Joint Parties and CPUC staff.The deferral includes Show less Read more
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