Exhibit 99.1
Connecticut Water Issues Statement Regarding Proposed Decision by the
Connecticut Public Utilities Regulatory Authority
December 3, 2018
Connecticut Water (CTWS) has received and is reviewing the proposed decision issued by the Connecticut Public Utilities Regulatory Authority (PURA) regarding the application to combine SJW Group and CTWS. PURA distributed the proposed decision to the parties in the proceeding for comment on Monday, December 3, 2018.
Connecticut Water will provide any comments or related materials in response to the proposed decision to PURA in accordance with the schedule in the proceeding.
SJW Group and Connecticut Water are confident that the combined company will have the financial strength and managerial suitability to provide safe, adequate and reliable service and that the combination is in the public interest. SJW Group and Connecticut Water have committed to protect customers in Connecticut and Maine and provide additional benefits through the combination including:
| • | | No layoffs or job cutsas a result of the combination; |
| • | | No changes in customer ratesas a result of the combination; |
| • | | Continuedsuperior customer servicewith annual customer satisfaction surveys conducted by an independent consultant; |
| • | | Community liaisons and outreachefforts in all service towns and ongoing community investment, support and involvement; |
| • | | Protectionsfor certain company-ownedlands foropen space and conservationwith additional notification and prioritization as reflected in a Memorandum of Agreement with the Connecticut Fund for the Environment; and |
| • | | Continueresponsible water resource managementprograms and no use of Connecticut sources or supplies for theout-of-state sister companies. |
The proposed decision notes that PURA will consider the parties’ arguments and exceptions before reaching a final decision, which may differ from the proposed decision.
About CTWS
CTWS is a publicly traded holding company headquartered in Clinton, Connecticut. CTWS is the parent company of The Connecticut Water Company, The Maine Water Company, The Avon Water Company, and The Heritage Village Water Company. Together, these subsidiaries provide water service to more than 450,000 people in Connecticut and Maine, and wastewater service to more than 10,000 people in Connecticut.
Connecticut Water Contact
Daniel J. Meaney, APR
Director, Corporate Communications
(860)664-6016
dmeaney@ctwater.com
