SJW Group

Tanya Moniz-Witten Joins San Jose Water as President

Retrieved on: 
Monday, March 4, 2024
Other Energy, Energy, SJW, University of Pennsylvania, Multimedia, National Grid, San Francisco Bay Area, Growth, Silicon, Environmental studies, PG&E, Public security, Safety, University, Business administration, Engineering, Organization, The Electric Company, University of California, SJW Group, Management

SJW Group (NYSE: SJW) announces today that Tanya Moniz-Witten will be joining the company on March 25, 2024, as president of San Jose Water (SJW).

Key Points: 
  • SJW Group (NYSE: SJW) announces today that Tanya Moniz-Witten will be joining the company on March 25, 2024, as president of San Jose Water (SJW).
  • Tanya will be responsible for leading the regulated utility business in San Jose, driving strategy, financial performance, growth and establishing and maintaining excellent regulatory and customer relationships.
  • “We are extremely excited that Tanya has chosen to serve as President of San Jose Water!
  • Tanya is an exceptionally talented servant leader with over 20 years of utility experience in large, complex organizations.

SJW Group Announces 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
Utilities, Energy, Water supply, PUCT, WCMA, Weather, GRC, Interest, Growth, Sale, Ombudsman, Cost of capital, Webcast, PFAS, Tax, Workforce, File, MWC, PURA, Groundwater, CWC, Security (finance), EPS, SIC, Newsweek, Water, Depreciation, WCCM, Index, Public expenditure, CPUC, COC, SJW Group, Insurance, Acquisition, SJW, TWC, Social, Public utilities commission, Elmridge, Drinking water, Saco River

SJW Group (NYSE: SJW) today reported financial results for 2023.

Key Points: 
  • SJW Group (NYSE: SJW) today reported financial results for 2023.
  • “With a strong fourth quarter, our 2023 financial results and operating performance exceeded expectations and the initial earnings per share guidance we set for SJW Group at this time last year,” stated SJW Group Chair, CEO, and President, Eric W. Thornburg.
  • In 2023 SJW Group invested $272 million in infrastructure and water supply, which exceeded our 2023 capital expenditures guidance of $255 million.
  • When considering the company's 2024 guidance relative to actual results in 2023, it is important to note that the company's adjustment to income tax reserves in 2023 resulted in an increase of $0.14 per diluted share.

San Jose Water Selects InvoiceCloud as Strategic Payment Technology Provider

Retrieved on: 
Tuesday, February 20, 2024
Other Professional Services, Security, Data Management, Energy, Technology, Finance, Fintech, Business, Professional Services, Electronic Commerce, Other Technology, Payments, Software, Other Energy, Internet, Utilities, PayPal, SJW, Multimedia, Silicon, Regulatory affairs, Government, Software as a service, CIS, SJW Group, Online shopping

San Jose Water (“SJW” or “the Company”), a wholly owned subsidiary of SJW Group (NYSE: SJW), has implemented InvoiceCloud , an EngageSmart solution for online bill payment services, as its strategic payment technology provider for its approximately 230,000 customer accounts in Silicon Valley.

Key Points: 
  • San Jose Water (“SJW” or “the Company”), a wholly owned subsidiary of SJW Group (NYSE: SJW), has implemented InvoiceCloud , an EngageSmart solution for online bill payment services, as its strategic payment technology provider for its approximately 230,000 customer accounts in Silicon Valley.
  • The Connecticut Water Company and The Maine Water Company signed with InvoiceCloud in April 2021; The Texas Water Company followed in July 2021.
  • San Jose Water signed in September 2023 after witnessing the benefits of digital adoption, self-service, and internal efficiencies that its counterparts experienced with InvoiceCloud.
  • With InvoiceCloud, San Jose Water now offers a variety of convenient payment options for its customers.

SJW Group Sets Date for Release of 2023 Financial Results and Announcement of 2024 Guidance

Retrieved on: 
Monday, February 12, 2024
Utilities, Energy, Interest, SJW, SJW Group, Webcast

SJW Group (NYSE: SJW) expects to report financial results for the fourth quarter and 2023 year end, and announce guidance, after the close of the market on Feb. 21, 2024.

Key Points: 
  • SJW Group (NYSE: SJW) expects to report financial results for the fourth quarter and 2023 year end, and announce guidance, after the close of the market on Feb. 21, 2024.
  • Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation at 11 a.m. (PT), 2:00 p.m. (ET) on Thursday, Feb. 22, 2024.
  • An accompanying slide presentation will also be published to SJW Group’s investor website prior to the call.
  • An archive of the webcast will be available until April 22, 2024.

SJW Group Announces Deferral of San Jose Water Company’s Cost of Capital Filing to May 1, 2025

Retrieved on: 
Monday, February 5, 2024
Utilities, Energy, COC, SJW Group, Joint, Letter, Water, SJW, CPUC, Public utilities commission, Executive, Movement

On December 15, 2023, the Joint Parties filed a request for a one-year postponement of their COC filings otherwise scheduled to be filed on May 1, 2024.

Key Points: 
  • On December 15, 2023, the Joint Parties filed a request for a one-year postponement of their COC filings otherwise scheduled to be filed on May 1, 2024.
  • Pursuant to the CPUC’s rate case plan, the Joint Parties are required to file their COC applications every three years.
  • Postponing the filing for one year alleviates administrative processing costs for both the Joint Parties and CPUC staff.
  • The deferral includes a provision that the Water Cost of Capital Mechanism remains in place for 2025 and allowing it to adjust up or down in accordance with the movement in the Moody’s Aa Utility Bond Index.

SJW Group Declares Dividend and Announces 2024 Dividend Increase

Retrieved on: 
Thursday, January 25, 2024
Energy, Natural Resources, Utilities, Other Natural Resources, SJW Group, Environment, Chairperson, SJW, Holding company

The Board of Directors of SJW Group (NYSE: SJW) has declared a quarterly cash dividend of $0.40 per share payable on March 1, 2024, to all shareholders of record at the close of business on Feb. 5, 2024.

Key Points: 
  • The Board of Directors of SJW Group (NYSE: SJW) has declared a quarterly cash dividend of $0.40 per share payable on March 1, 2024, to all shareholders of record at the close of business on Feb. 5, 2024.
  • The March dividend will represent a 5.3% increase over the dividend paid in December 2023.
  • The 2024 annualized dividend will be $1.60 per share compared with $1.52 per share in 2023.
  • “Today’s action by our board to increase the annual dividend demonstrates its continuing confidence in SJW Group’s mission and employees,” said President, Chief Executive Officer and Chair of the Board Eric W. Thornburg.

San Jose Water Files General Rate Case Application Focused on Infrastructure Upgrades and Water System Safety and Resiliency

Retrieved on: 
Tuesday, January 9, 2024
Other Natural Resources, Environment, Utilities, Environmental Health, Energy, Natural Resources, CPUC, PFAS, Wildfire, Drinking water, SJW, Social, Water, Earthquake, Water supply, Public expenditure, Public, GRC, Carbon, Information technology, Public utilities commission, SJW Group, Workforce, Regulatory affairs, Solar energy, Renewable energy

The application proposes a 3-year $540 million capital investment program to ensure a resilient water system for SJW customers and its local communities.

Key Points: 
  • The application proposes a 3-year $540 million capital investment program to ensure a resilient water system for SJW customers and its local communities.
  • SJW provides water service to approximately one million people in the greater San Jose metropolitan area.
  • The company has served customers since 1866, and its infrastructure requires continuous replacement before it reaches the end of its service life.
  • Since 2005, San Jose Water has invested more than $1.6 billion to upgrade water infrastructure — ensuring the continued delivery of high-quality and reliable water service.

California Water Service Group Announces Appointment of James P. Lynch to Senior Vice President, Chief Financial Officer, and Treasurer

Retrieved on: 
Thursday, January 4, 2024
Santa Clara University, Lynch, California Water Service Group, SJW Group, LLP, SAN, Certified Public Accountant, Professional, Water, Principal Financial Group, Jim, KPMG, Senior, Management

SAN JOSE, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE : CWT) today announced that after conducting an extensive, nation-wide search, it has selected James P. Lynch to join the company as Senior Vice President, Chief Financial Officer and Treasurer, effective January 3, 2024.

Key Points: 
  • SAN JOSE, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE : CWT) today announced that after conducting an extensive, nation-wide search, it has selected James P. Lynch to join the company as Senior Vice President, Chief Financial Officer and Treasurer, effective January 3, 2024.
  • He succeeds interim Vice President, Chief Financial Officer, and Treasurer David B. Healey.
  • Mr. Healey will serve as Principal Financial Officer on an interim basis, ensuring a smooth transition and supporting the company in its fiscal year 2023 financial reporting.
  • “California Water Service Group retained a national search firm where Jim quickly rose to the top of the list,” said Chairman and Chief Executive Officer Martin A. Kropelnicki.

SJW Group Earns Coveted Spot on Newsweek Excellence 1000 Index 2024

Retrieved on: 
Tuesday, December 19, 2023
Sustainability, Energy, Utilities, Environment, IBM, Partnership, Research, SJW Group, SJW, Social responsibility, Index, Marriott International, BPI, Nike, Newsweek

SJW Group (NYSE: SJW) was recently recognized in the Newsweek Excellence 1000 Index 2024.

Key Points: 
  • SJW Group (NYSE: SJW) was recently recognized in the Newsweek Excellence 1000 Index 2024.
  • The venerable magazine’s index ranks a select group of 1000 companies globally, spanning more than 25 industries and 100 categories, that have been identified as exemplars of corporate success and responsibility.
  • SJW Group is the highest-ranking water utility company on the index.
  • Produced in partnership with the Best Practice Institute (BPI), an award-winning leadership development center and research institute, the Newsweek Excellence 1000 Index was published in November of 2023.

SJW Group Appoints Marisa Joss as Corporate Secretary

Retrieved on: 
Wednesday, November 1, 2023
Commercial Building & Real Estate, Energy, Construction & Property, Utilities, New York Law School, NYSE, Psychology, Consolidated Edison, Corporation, University of the Witwatersrand, Multimedia, Trust, Elefsina, SJW, SJW Group, University, Bachelor of Arts in Clinical Psychology, Management

SJW Group (NYSE: SJW) today announced that its board of directors has appointed Marisa Joss as corporate secretary, effective October 25, 2023.

Key Points: 
  • SJW Group (NYSE: SJW) today announced that its board of directors has appointed Marisa Joss as corporate secretary, effective October 25, 2023.
  • Joss will also continue in her previous role as deputy general counsel subsidiaries, reporting to Willie Brown, vice president and general counsel of SJW Group.
  • View the full release here: https://www.businesswire.com/news/home/20231101083889/en/
    Marisa Joss appointed Corporate Secretary of SJW Group.
  • Prior to joining SJW Group, Marisa served as deputy general counsel and assistant corporate secretary for Eleusis, a biotech company based in New York and London, England.