SJW Group ("SJW") is a water utility processing, distribution, wholesale and retail company based in San Jose, California. It serves 228,000 connections that serves over 1 million residents in regions of California, and approximately 17,000 connections, which serves about 60,000 people in Texas.[2][3] The enterprise value (as of December 2021) is $3.76 billion.[4]
Operations
The company has four subsidiaries, comprising San Jose Water Company, SJWTX, Inc., SJW Land Company as well as Texas Water Alliance Limited (TWA).[3] TWA is engaged in operating the essential water supply activities in Texas.[5] The company's diverse utility property include land held in fee, impounding reservoirs, diversion facilities, wells, distribution storage, and all water facilities, equipment, office buildings, etc.[6] In 2012, the revenue generated by purchased water made up about 40% to 45% of the company’s annual revenue.[5]
The company attended the industry’s conference, Water Utility Conference of 2013, as one of the largest water utility companies in the U.S.[7]
In October 2018, it was announced that SJW was acquiring Connecticut Water Service, Inc., a water utility company serving communities in Connecticut and Maine, pending federal approval. The acquisition was completed in October 2019.[8][9][10]
References
- ^ "SJW Key Statistics |SJW Corp. Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-20.
- ^ "SJW Profile | SJW Corporation, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2015-03-19.
- ^ a b "SJW Corp.: NYSE:SJW quotes & news - Google Finance". Retrieved 2014-02-17.
- ^ "SJW Group (SJW) Valuation Measures & Financial Statistics". finance.yahoo.com. Retrieved 2022-05-05.
- ^ a b "SJW Corp. reuters.com". Reuters.com. Retrieved 2014-02-17.
- ^ "SJW Quarterly Report Form 10-Q - Quarterly report [Sections 13 or 15(d)]". SEC.gov. 2013-11-06. Retrieved 2014-02-19.
- ^ "The New York Society of Security Analysts Presents Annual Water Conference". Prweb.com. 2013-11-20. Retrieved 2014-02-19.
- ^ "SJW Group And Connecticut Water Service, Inc. To Combine In All-Stock Transaction To Create Leading Water Utility Company". www.prnewswire.com. Retrieved 10 October 2018.
- ^ Singer, Stephen. "California Water Company Boosts Offer Price For Connecticut Water Service". courant.com.
- ^ "Connecticut Water's merger with SJW Group takes a new twist". Mainebiz. Retrieved 10 October 2018.