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Stock impact report

SJW Group Announces Postponement of San Jose Water’s Cost of Capital Filing

SJW Group (SJW) 
Last sjw group earnings: 2/26 07:39 pm Check Earnings Report
US:NYSE Investor Relations: sjwgroup.com/investor_relations
Company Research Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--SJW Group (NYSE: SJW) announced today that its wholly owned subsidiary, San Jose Water, along with three other California water utilities (the “Joint Parties”) received a letter dated March 11, 2020 from the Executive Director of the California Public Utilities Commission (“CPUC”) granting the Joint Parties’ request to postpone their scheduled 2020 Cost of Capital (“COC”) filings to May 1, 2021.On January 22, 2020 the Joint Parties filed a request for a one-year postponement of their COC filings otherwise scheduled to be filed on May 1, 2020. Pursuant to the CPUC’s rate case plan, the Joint Parties are required to file their COC applications on a triennial basis. Postponing the filing for one year alleviates administrative processing costs for both the Joint Parties and CPUC staff.About SJW GroupSJW Group is the second largest investor-owned pure play water and wastewater utility based on rate base in the United States, providing life-saving and Show less Read more
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