Public Utilities Regulatory Authority of the State of Connecticut Approves Application of SJW Group and Connecticut Water Service, Inc
September 05, 2019 at 06:07 am EDT
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On September 4, 2019, the Public Utilities Regulatory Authority of the State of Connecticut (PURA) approved the application of SJW Group (SJW Group) and Connecticut Water Service, Inc. (CTWS) seeking approval of the change of control of CTWS and its three regulated Connecticut water company subsidiaries in connection with the proposed merger between SJW Group and CTWS, subject to the conditions and orders set forth in PURA's final decision. The proposed merger of SJW Group and CTWS remains subject to the satisfaction of other closing conditions, including the approval of the Maine Public Utilities Commission of the change of control of Maine Water Company, a subsidiary of CTWS, in connection with the proposed merger.
SJW Group is a water and wastewater utilities company providing water service. The Company operates through four wholly owned subsidiaries, namely, San Jose Water Company (SJWC), SJWNE LLC, SJWTX Holdings, Inc., and SJW Land Company. SJWNE LLC is a special purpose entity holding company for Connecticut Water Service, Inc. (CTWS) (and its wholly owned subsidiaries, The Connecticut Water Company (CWC), The Maine Water Company (MWC), Chester Realty, Inc. and New England Water Utility Services, Inc. (NEWUS)). SJWTX Holdings, Inc. is the holding company for SJWTX, Inc., doing business as The Texas Water Company (TWC), Texas Water Operation Services, LLC (TWOS) and Texas Water Resources, LLC (TWR). The Company, through its wholly owned subsidiaries, primarily provides water utility and other related services in California, Connecticut, Maine and Texas. SJW Group has business in property management and real estate investment activity conducted by SJW Land Company and Chester Realty, Inc.