SJW Group Announces CPUC Decision Approving San Jose Water's General Rate Case
SJW Group Announces CPUC Decision Approving San Jose Water's General Rate Case
Provides for $450 million in increased water system investments and greater fixed cost recovery.
增加45000萬的水系統投資和更大的固定成本回收。
Recognizes San Jose Water's commitment to be a force for good in the communities it serves.
認可聖荷西水務公司在其服務的社區中發揮積極作用的承諾。
SAN JOSE, Calif., Dec. 23, 2024 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW), a leading investor-owned pure-play water and wastewater utility, announced today that the California Public Utilities Commission ("CPUC") approved the General Rate Case ("GRC") for its wholly-owned subsidiary, San Jose Water Company ("SJW" or "the Company"). SJW originally filed its GRC with the CPUC on January 2, 2024, to determine new rates for the years 2025 through 2027, among other things.
加利福尼亞州聖荷西,2024年12月23日(全球新聞稿) -- SJW Group(納斯達克:SJW),一家領先的投資者擁有的純水和廢水公用事業,今天宣佈加利福尼亞公共事業委員會("CPUC")批准其全資子公司聖荷西水務公司("SJW"或"公司")的綜合費率案件("GRC")。SJW於2024年1月2日首次向CPUC提交了其GRC,以判斷2025年至2027年的新費率等事項。
The CPUC's final decision approves a settlement agreement in its entirety that the Company and the Public Advocates Office (PAO) entered into on August 19, 2024. As a result, the decision authorizes the Company to invest $450 million over three years in critical drinking water infrastructure to continue to provide high-quality and reliable water service to local customers, as well as enhance fire protection, economic vibrancy and environmental conservation efforts. The decision also further aligns actual and authorized water usage, thereby providing customers the true cost of water and the Company a realistic opportunity to earn its rate of return.
CPUC的最終決定全部批准公司與公共倡導者辦公室(PAO)於2024年8月19日簽署的和解協議。因此,該決定授權公司在三年內投資45000萬用於關鍵飲用水基礎設施,以繼續爲當地客戶提供高質量和可靠的水服務,並增強消防保護、經濟活力和環保母基努力。該決定還進一步對實際和授權的水消耗進行對齊,從而爲客戶提供水的真實成本,同時爲公司提供賺取收益率的現實機會。
Additionally, the final decision provides for a rate increase of approximately 4% for 2025 that will become effective on January 1, 2025. Rates and revenues for 2026 and 2027 will subsequently be determined based on authorized utility plant investments and the forecasted change in the consumer price index from the preceding year.
此外,最終決定規定2025年的費率將上漲約4%,該上漲將於2025年1月1日起生效。2026年和2027年的費率和收入將基於授權的公用事業植物投資以及前一年的消費者物價指數預測變化進行判斷。
"We appreciate the commitment and dedication of the CPUC's staff and commissioners along with the PAO to this comprehensive yearlong General Rate Case process," said Tanya Moniz-Witten, President of San Jose Water. "We take the responsibility of delivering high quality water through clean pipes at affordable rates to the communities where we live, work and serve very seriously. We work diligently to make prudent investments which give our customers the most value for their dollar. The approval of our GRC recognizes the need to continually invest in our water system to ensure ongoing reliable water service and public health protection for the one million residents in the greater San Jose metropolitan area."
聖荷西水務公司總裁Tanya Moniz-Witten表示: 「我們感謝CPUC的工作人員和委員,以及PAO對這項全面的爲期一年的通用費率案件過程的承諾和奉獻。我們非常認真地對待通過乾淨的管道以實惠的費率向我們生活、工作和服務的社區提供高質量水的責任。我們努力做出審慎的投資,確保爲客戶提供最佳的價值。GRC的批准承認了不斷投資我們的供水系統的必要性,以確保爲大聖荷西大都市區的百萬居民提供持續可靠的水服務和公共健康保護。」
Two litigated items outside of the settlement agreement related to the service charge calculation and enhancement of the full cost balancing account were also addressed. The CPUC disallowed these items in the final decision.
與和解協議相關的兩個訴訟項目涉及服務費的計算和全成本平衡賬戶的增強。CPUC在最終決定中不予批准這些項目。
To learn more about the General Rate Case head to: sjwater.com/2025Rates
要了解有關通用費率案例的更多信息,請訪問:sjwater.com/2025Rates
About SJW Group
關於SJW Group
SJW Group is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to nearly 1.6 million people. SJW Group's locally led and operated water utilities - San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba The Texas Water Company) in Texas - possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its stockholders. For more information about SJW Group, please visit .
SJW Group是美國最大的投資者擁有的純水和廢水公用事業公司之一,爲近160萬居民提供維持生命和高質量的水服務。SJW Group在加利福尼亞州的聖荷西水公司、康涅狄格州的康涅狄格水公司、緬因州的緬因水公司,以及德克薩斯州的sjwtx, inc.(即德克薩斯水公司)下設的本地運營水務公司,擁有財務實力、運營專業知識和科技創新,致力於保護環境,爲客戶提供卓越服務,併爲員工提供機會。SJW Group始終專注於投資其運營,積極參與其本地社區,並持續爲股東提供可持續價值。如需了解更多關於SJW Group的信息,請訪問。
About San Jose Water
About San Jose Water
Founded in 1866, San Jose Water is a regulated private utility, and one of the largest and most technically sophisticated urban water systems in the United States. The company serves over one million people in the greater San Jose metropolitan area. San Jose Water is owned by SJW Group, a publicly traded company listed on the NASDAQ Stock Market under the symbol SJW. SJW Group also owns: Connecticut Water Company in Connecticut; Maine Water Company in Maine; and Texas Water Company in Texas. To learn more about San Jose Water, visit: sjwater.com.
Founded in 1866, San Jose Water is a regulated private utility, and one of the largest and most technically sophisticated urban water systems in the United States. The company serves over one million people in the greater San Jose metropolitan area. San Jose Water is owned by SJW Group, a publicly traded company listed on the NASDAQ Stock Market under the symbol SJW. SJW Group also owns: Connecticut Water Company in Connecticut; Maine Water Company in Maine; and Texas Water Company in Texas. To learn more about San Jose Water, visit: sjwater.com.
Forward-Looking Statements
前瞻性聲明
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Some of these forward-looking statements can be identified by the use of forward-looking words such as "believes," "expects," "estimates," "anticipates," "intends," "seeks," "plans," "projects," "may," "should," "will," or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict.
本次發佈包含1995年私募證券訴訟改革法案(經修訂)意義上的前瞻性聲明。其中一些前瞻性聲明可以通過使用諸如「相信」、「期望」、「估計」、「預期」、「意圖」、「尋求」、「計劃」、「項目」、「可能」、「應該」、「將」或者這些詞的否定形式或其他類似術語來識別。這些前瞻性聲明僅僅是預測,並且受到風險、不確定性和假設的影響,這些都是難以預測的。
These forward-looking statements involve a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the effect of water, utility, environmental and other governmental policies and regulations, including regulatory actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures, PFAS and other decisions; (2) changes in demand for water and other services; (3) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (4) the effect of the impact of climate change; (5) unexpected costs, charges or expenses; (6) our ability to successfully evaluate investments in new business and growth initiatives; (7) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (8) the risk of work stoppages, strikes and other labor-related actions; (9) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (10) changes in general economic, political, business and financial market conditions; (11) the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions; and (12) legislative, and general market and economic developments. The risks, uncertainties and other factors may cause the actual results, performance or achievements of SJW Group to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
這些前瞻性聲明涉及多種風險、不確定性和假設,包括但不限於以下因素:(1)水、公共事業、環保和其他政府政策與法規的影響,包括關於費率、授權的股本回報、授權的資本結構、資本支出、PFAS和其他決策的監管行動;(2)水和其他服務的需求變化;(3)意想不到的天氣條件和季節性變化,包括影響水供應和客戶使用的因素;(4)氣候變化的影響;(5)意外費用、收費或支出;(6)我們成功評估新業務和增長舉措投資的能力;(7)我們的水源污染及水設備和基礎設施的損壞或故障;(8)工作停工、罷工和其他勞動相關行動的風險;(9)火災、地震、爆炸、洪水、冰風暴、龍捲風、颶風、恐怖行爲、身體攻擊、網絡攻擊、流行病或類似事件等災難性事件;(10)一般經濟、政治、商業和金融市場條件的變化;(11)獲得有利條件融資的能力,這可能受到多種因素的影響,包括信用評級、利率變化、遵從監管要求、遵守我們未償債務的條款和條件以及一般市場和經濟條件;以及(12)立法以及一般市場和經濟發展。風險、不確定性和其他因素可能導致SJW Group的實際結果、表現或成就與這些前瞻性聲明所表達或暗示的未來結果、表現或成就存在重大差異。
Results for a quarter are not indicative of results for a full year due to seasonality and other factors. Other factors that may cause actual results, performance or achievements to materially differ are described in SJW Group's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the SEC. Forward-looking statements are not guarantees of performance and speak only as of the date made. SJW Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
由於季節性和其他因素,一個季度的結果不能反映全年的結果。可能導致實際結果、表現或成就大幅不同的其他因素在SJW Group最近的10-K表格年報、10-Q表格季度報告和向美國證券交易委員會提交的8-K表格當前報告中進行了描述。前瞻性聲明並不保證表現,僅在作出時爲有效。SJW Group沒有義務公開更新或修訂任何前瞻性聲明,無論是由於新信息、未來事件還是其他原因。
Media Contact:
媒體聯繫人:
John Tang
Vice President, Regulatory Affairs and Customer Service
(408) 279-7933
john.tang@sjwater.com
約翰·唐
副總裁,監管事務和客戶服務
(408) 279-7933
john.tang@sjwater.com
譯文內容由第三人軟體翻譯。