SJW Group 2022 Financial Results and 2023 Guidance Issued
SJW Group (NYSE: SJW) today reported financial results for the fourth quarter and year ended 2022.
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb 22, 2023--
SJW Group (NYSE: SJW) today reported financial results for the fourth quarter and year ended 2022.
“SJW Group’s strong results in 2022 will lay the foundation for continued success in 2023 and beyond,” stated SJW Group Chair, CEO, and President, Eric W. Thornburg. “We addressed the California water supply mix that drove expense volatility in prior years through a settlement agreement approved by the California Public Utilities Commission (CPUC) that benefits customers and San Jose Water Company (SJWC), completed a $60 million generational investment in a new drinking water treatment facility in Maine, delivered our capital spending plan by overcoming supply chain challenges, made important progress in ESG, and served customers and communities with high-quality water and reliable service.”
Operating results in 2022 and the fourth quarter reflect SJWC’s general rate case (GRC) settlement agreement that was approved by the CPUC on October 6, 2022. The approved settlement agreement recognized the need for continued investments in SJWC’s water system to deliver high-quality and reliable water service. Among the provisions of the approved settlement agreement:
