SJW Group

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SJW Group
TypePublic
NYSE: SJW
Russell 2000 Component
Industrywater utilities
Founded1866; 155 years ago (1866)
Headquarters
San Jose, California, U.S.
Area served
North America
Revenue$272.06 Million (As of 2013)[1]
Number of employees
385
Websitewww.sjwgroup.com

SJW Group ("SJW") is a water utility processed, distribution, wholesale and retail company that is based in San Jose, California. It served 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 February 2014) is $916.35 Million.[1]

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.[4] 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.[5] In 2012, the revenue generated by purchased water made up about 40% to 45% of the company’s annual revenue.[4]

The company attended the industry’s conference, Water Utility Conference of 2013, as one of an influential water utility in US.[6]

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.[7] [8][9]

References[]

  1. ^ Jump up to: a b "SJW Key Statistics |SJW Corp. Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-20.
  2. ^ "SJW Profile | SJW Corporation, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2015-03-19.
  3. ^ Jump up to: a b "SJW Corp.: NYSE:SJW quotes & news - Google Finance". Google.com. Retrieved 2014-02-17.
  4. ^ Jump up to: a b "SJW Corp. reuters.com". Reuters.com. Retrieved 2014-02-17.
  5. ^ "SJW Quarterly Report Form 10-Q - Quarterly report [Sections 13 or 15(d)]". SEC.gov. 2013-11-06. Retrieved 2014-02-19.
  6. ^ "The New York Society of Security Analysts Presents Annual Water Conference". Prweb.com. 2013-11-20. Retrieved 2014-02-19.
  7. ^ "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.
  8. ^ Singer, Stephen. "California Water Company Boosts Offer Price For Connecticut Water Service". courant.com.
  9. ^ "Connecticut Water's merger with SJW Group takes a new twist". Mainebiz. Retrieved 10 October 2018.

External links[]

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