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SJW Group Announces The California Public Utilities Commission's Decision On San Jose Water's General Rate Case


Thursday, 29 Nov 2018 04:15pm EST 

Nov 29 (Reuters) - SJW Group ::SJW GROUP ANNOUNCES THE CALIFORNIA PUBLIC UTILITIES COMMISSION’S DECISION ON SAN JOSE WATER’S GENERAL RATE CASE.SJW GROUP - DECISION AUTHORIZES SAN JOSE WATER TO INVEST $320 MILLION IN INFRASTRUCTURE IMPROVEMENTS.SJW GROUP - INVESTMENTS WILL BE SUPPORTED, IN PART, BY A RATE INCREASE OF 4.55% IN 2019.SJW GROUP - 2019 RATE INCREASE BECOMES EFFECTIVE JAN. 1, 2019..SJW GROUP - DECISION ALLOWS SAN JOSE WATER TO RECOVER UP TO 40% OF ITS REVENUE THROUGH SERVICE CHARGE.SJW GROUP - DECISION ALLOWS SAN JOSE WATER TO COLLECT ABOUT $27 MILLION IN BALANCES FROM EXISTING BALANCING AND MEMORANDUM ACCOUNTS. 

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