SJW Group announces CPUC decision approving San Jose Water’s GRC

SJW Group (SJW) announced that the California Public Utilities Commission, CPUC, approved the General Rate Case, GRC, for its wholly-owned subsidiary, San Jose Water 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. The CPUC’s final decision approves a settlement agreement in its entirety that the Company and the Public Advocates Office 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.