SJW Group Files 8-K

TL;DR

SJW Group filed an 8-K, but it's light on details.

AI Summary

SJW Group filed an 8-K on August 20, 2024, to report other events. The filing does not contain specific details about the nature of these events, dollar amounts, or new agreements.

Why It Matters

This filing indicates that SJW Group has reported an event to the SEC, but the lack of specific details means investors cannot immediately assess its impact.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting an event without providing specific financial or operational details, thus posing minimal immediate risk.

Key Players & Entities

• SJW Group (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 110 West Taylor Street, San Jose, CA 95110 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share SJW New York Stock Exchange L
• $450 million — , the Settlement Agreement authorizes a $450 million three-year capital budget, and further
• $15.8 million — e charge; and approves the recovery of $15.8 million from balancing and memorandum accounts.

Filing Documents

• sjw-20240820.htm (8-K) — 28KB
• exhibit991.htm (EX-99.1) — 13KB
• 0000766829-24-000087.txt ( ) — 169KB
• sjw-20240820.xsd (EX-101.SCH) — 2KB
• sjw-20240820_lab.xml (EX-101.LAB) — 22KB
• sjw-20240820_pre.xml (EX-101.PRE) — 13KB
• sjw-20240820_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On August 20, 2024, San Jose Water Company (the "Company"), a wholly-owned subsidiary of SJW Group (NYSE: SJW) issued a press release announcing that, together with the Public Advocates Office, it has reached a constructive settlement agreement ("Settlement Agreement") in the Company's 2025 to 2027 general rate case ("GRC") that was filed with the California Public Utilities Commission ("CPUC") on January 2, 2024. The Settlement Agreement, filed on August 19, 2024 with the CPUC for its approval, excludes two policy issues that will be litigated via briefs filed on August 1, 2024. Water Rate Advocates for Transparency, Equity, and Sustainability had agreed to the Settlement Agreement in principle on June 14, 2024, and subsequently determined not to participate in the Settlement Agreement. The CPUC is expected to render a decision on the GRC in the fourth quarter of 2024 with new rates to become effective on January 1, 2025. Among other matters, the Settlement Agreement authorizes a $450 million three-year capital budget, and further aligns actual compared to authorized usage through a lower sales forecast; provides for greater revenue recovery through the service charge; and approves the recovery of $15.8 million from balancing and memorandum accounts. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this Item 8.01 of Form 8-K by reference. The information in Item 8.01, including the exhibit, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, nor shall it be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description of Documents 99.1 Press Release issued by San Jose Water Company, dated August 20, 2024, announcing the filing of a Settlement Agreement in its 2025 to 2027 general rate case. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SJW GROUP Date: August 20, 2024 /s/ Eric W. Thornburg Eric W. Thornburg Chairman of the Board, President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR