Connecticut Public Television

SJW Group Announces 2023 Third Quarter Financial Results and Declares Dividend

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Monday, October 30, 2023
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SJW Group (NYSE: SJW) today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SJW Group (NYSE: SJW) today reported financial results for the third quarter ended September 30, 2023.
  • The impressive work of our team at SJW Group this year has allowed us to increase our 2023 earnings guidance.
  • Operating revenue for the quarter ended September 30, 2023, was $204.8 million, up 16% compared to $176.0 million for the same quarter last year.
  • Operating expenses for the quarter ended September 30, 2023, were $148.2 million, up 7% compared to $138.4 million for the same quarter last year.

SJW Group Announces 2023 Second Quarter Financial Results and Declares Dividend

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Monday, July 31, 2023
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SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2023.
  • As noted in the company's first quarter 2023 financial results, comparisons between 2023 and 2022 operating results are affected by and reflect the delay in San Jose Water Company's (SJWC) 2022 to 2024 general rate case (GRC) proceeding.
  • Operating revenue for the quarter ended June 30, 2023 was $156.9 million, up 5% compared to $149.0 million for the same quarter last year.
  • Operating expenses for the quarter ended June 30, 2023 were $125.7 million, up 3% compared to $122.6 million for the same quarter last year.

SJW Group Announces 2023 First Quarter Financial Results, Reaffirms 2023 Guidance, and Declares Dividend

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Monday, May 1, 2023
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SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March, 31, 2023.

Key Points: 
  • SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March, 31, 2023.
  • Net income for the quarter ended March 31, 2023 was $11.5 million, up 209% compared to $3.7 million in the same quarter last year.
  • Operating revenue for the quarter ended March 31, 2023 was $137.3 million, up 10% compared to $124.3 million for the same quarter last year.
  • Operating expenses for the quarter ended March 31, 2023, was $112.1 million, up 4% compared to $107.7 million for the same quarter last year.

SJW Group 2022 Financial Results and 2023 Guidance Issued

Retrieved on: 
Thursday, February 23, 2023
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SJW Group (NYSE: SJW) today reported financial results for the fourth quarter and year ended 2022.

Key Points: 
  • 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.
  • SJW Group reported net income of $73.8 million in 2022, or $2.43 diluted EPS, compared to net income of $60.5 million, or $2.03 diluted EPS, in 2021.
  • As previously announced, on January 26, 2023, the directors of SJW Group approved an increase in the 2023 annual dividend of $0.08 per share to $1.52 per share.

UConn, R/GA Ventures, CTNext to Launch Venture Studio Addressing Climate Change

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Wednesday, October 12, 2022
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STORRS, Conn., Oct.12, 2022 /PRNewswire/ --The University of Connecticut, R/GA Ventures, and CTNext are collaborating to launch the Future Climate Venture Studio, which will identify and accelerate companies working in the critical areas of climate and sustainability.

Key Points: 
  • STORRS, Conn., Oct.12, 2022 /PRNewswire/ --The University of Connecticut, R/GA Ventures, and CTNext are collaborating to launch the Future Climate Venture Studio, which will identify and accelerate companies working in the critical areas of climate and sustainability.
  • This collaborative effort comprises UConn, a national and global leader in interdisciplinary climate research; R/GA Ventures, a leading venture studio operator and early-stage investor; and CTNext, a state agency dedicated to public-private partnership to catalyze Connecticut's innovation ecosystem.
  • "As part of our role as a catalyst for entrepreneurship, CTNext is pleased to support this initiative alongside UConn and the other Studio partners," said Onyeka Obiocha, CTNext Executive Director.
  • "Our mission to strengthen Connecticut's innovation ecosystem is fully aligned with the critical work of addressing climate change locally, nationally, and globally."

Connecticut Innovations Launches VentureClash Climate Edition

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Monday, August 15, 2022
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NEW HAVEN, Conn., Aug. 15, 2022 /PRNewswire-PRWeb/ -- Connecticut Innovations (CI), along with Connecticut Green Bank, the Department of Economic & Community Development, the Connecticut Department of Energy and Environmental Protection, and the Connecticut Public Utilities Regulatory Authority, today announced the launch of VentureClash Climate Edition, a networking and pitch event that brings together companies and thought leaders solving real-world climate issues.

Key Points: 
  • NEW HAVEN, Conn., Aug. 15, 2022 /PRNewswire-PRWeb/ -- Connecticut Innovations (CI), along with Connecticut Green Bank, the Department of Economic & Community Development, the Connecticut Department of Energy and Environmental Protection, and the Connecticut Public Utilities Regulatory Authority, today announced the launch of VentureClash Climate Edition, a networking and pitch event that brings together companies and thought leaders solving real-world climate issues.
  • "The launch of VentureClash Climate Edition coincides with the launch of our newest ClimateTech Fund, which will put $100 million of capital to work," said Konstantine Drakonakis, fund manager of Connecticut Innovations' ClimateTech Fund.
  • VentureClash Climate Edition is looking for international and domestic companies interested in building a presence in Connecticut that offer solutions across, but not limited to, four main industry sectors: energy, water, waste and mobility.
  • Managed by Connecticut Innovations, VentureClash scans the globe for early-stage companies that are looking to land and expand in Connecticut.

United Illuminating Announces New Partnership With Bidgely to Assist in State EV Charging Program

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Thursday, May 12, 2022
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The United Illuminating Company (UI) a subsidiary of AVANGRID, Inc. (NYSE: AGR) is partnering with Bidgely to help implement the first electric vehicle (EV) managed charging program in Connecticut.

Key Points: 
  • The United Illuminating Company (UI) a subsidiary of AVANGRID, Inc. (NYSE: AGR) is partnering with Bidgely to help implement the first electric vehicle (EV) managed charging program in Connecticut.
  • View the full release here: https://www.businesswire.com/news/home/20220512006076/en/
    The United Illuminating Company, a subsidiary of AVANGRID, Inc., is partnering with Bidgely to help implement the first electric vehicle (EV) managed charging program in Connecticut.
  • The Connecticut Electric Vehicle Managed Charging Program launched on January 1, 2022, with managed charging set to begin this June.
  • I am excited that Bidgely is bringing their cutting-edge technology to the EV charging program in Connecticut, added Frank Reynolds, President & CEO of UI.

Eversource Energy Reports First Quarter 2022 Results; Initiates Strategic Review of Offshore Wind Investments

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Wednesday, May 4, 2022
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Eversource Energys transmission segment earned $148.5 million in the first quarter of 2022, compared with earnings of $135.4 million in the first quarter of 2021.

Key Points: 
  • Eversource Energys transmission segment earned $148.5 million in the first quarter of 2022, compared with earnings of $135.4 million in the first quarter of 2021.
  • Eversource Energys water distribution segment earned $3.7 million in the first quarter of 2022, compared with earnings of $3.6 million in the first quarter of 2021.
  • Also today, Eversource announced that it had initiated a strategic review of its offshore wind investment portfolio.
  • Continued strong progress on these three important offshore wind projects will not be affected by Eversources strategic review.

Nexstar Names Klarn DePalma as Senior Vice President of Group Sales and Sponsorships

Retrieved on: 
Tuesday, March 22, 2022
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Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the appointment of Klarn DePalma as Senior Vice President of Group Sales and Sponsorships, responsible for the strategy, development, and execution of sales and sponsorship efforts across Nexstars entire portfolio of broadcast stations and associated digital properties.

Key Points: 
  • Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the appointment of Klarn DePalma as Senior Vice President of Group Sales and Sponsorships, responsible for the strategy, development, and execution of sales and sponsorship efforts across Nexstars entire portfolio of broadcast stations and associated digital properties.
  • Mr. DePalma helped generate eight straight years of revenue growth at WFSB-TV, and significantly increased the stations market share of advertising.
  • Klarn is the ideal choice to lead Nexstars group sales and sponsorships efforts, said Mr. Alford.
  • Commenting on his appointment, Mr. DePalma said, Im extremely grateful to Andy and Nexstar for offering me the opportunity to join the nations largest local broadcasting group.

Aquarion Water Company To Acquire The Torrington Water Company

Retrieved on: 
Tuesday, March 8, 2022
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BRIDGEPORT, Conn., March 8, 2022 /PRNewswire/ -- Aquarion Company (Aquarion), parent of Aquarion Water Company, and The Torrington Water Company (TWC) (OTC Pink Sheets Trading Symbol: TORW) today announced that they have entered into a definitive agreement whereby Aquarion will acquire all outstanding shares of TWC, and TWC will become a wholly-owned subsidiary of Aquarion.

Key Points: 
  • BRIDGEPORT, Conn., March 8, 2022 /PRNewswire/ -- Aquarion Company (Aquarion), parent of Aquarion Water Company, and The Torrington Water Company (TWC) (OTC Pink Sheets Trading Symbol: TORW) today announced that they have entered into a definitive agreement whereby Aquarion will acquire all outstanding shares of TWC, and TWC will become a wholly-owned subsidiary of Aquarion.
  • This communication relates to a proposed business combination transaction between Aquarion Company and The Torrington Water Company.
  • This filing may be deemed solicitation material in respect of the proposed business combination transaction between Aquarion Company and The Torrington Water Company.
  • The directors, trustees, executive officers and certain other members of management and employees of Eversource Energy, Aquarion Company and The Torrington Water Company may be deemed "participants" in the solicitation of proxies from stockholders of The Torrington Water Company in favor of the proposed merger.