as extraordinary President Group. Eric Thornburg, are this bravely thank you honor and and CEO who on like front joining our us workers and to start time. I essential Jim. thanking to would I'm the my SJW Welcome, by all nation's us. you, everyone, serving Thank during of it lines is Chairman, of serve for
appreciation recognition all service. for care safety employees emergency response health and our fire, public deserve Our police, and professionals, their consisting of dedicated
chain are those stores should risking who essential personal employees their in In addition, critical our about deliver not grocery forget potentially services. we to working supply and other safety
of and Group subsidiaries health customers this SJW its readily COVID-XX communities employees, responsibility keenly accept public during protect to and our crisis. are our and aware
XXX serve water unified their of delivery and shared dedicated professionals our over water this proud continued passionate on have the alongside to reliable of health XXX We deliver and are mission all them. incredibly honored in service. who to commitment public and I'm pandemic, during safe
principle, public and harmony doing throughout service, right response respect, has fundamental health this people, transparency and our guided integrity, this teamwork. protect event Our our and protect values: our by core and protect been trust, brand, with will at be compassion, is what
experts. such local as as water as quality out Centers health one safety critical life-sustaining and and to and Control, team's respond in carry mission-critical health the work we activities, delivering safety water facilities safe recommended departments our treatment health priority role safety Our Disease for by water additional our monitoring, we continues be number the and under operating employees our conducting We of to our service. our guidelines our company repairs, emergency limited
when As we're including capital agencies, be health resumed. functions, state delivery additional available those additional to of officials becomes guidance evaluating projects from our safely determine and may
monitor is to and our centers operation Our as local during national will communities. developments through clear, respond well and this crisis our employees, as responsibility to necessary public protect to as we our and health protect continue customers emergency
could not strength with company, we've combination a of the The guidance earnings completed then its the in outline provided as we from time of first CTWS. transformative been the fully could a on yet sense to having previously time pandemic to as the events our longer-term the know public in Earlier guidance have given. COVID-XX possible regards in our a foreseen underlying this worldwide history see we our weather-related order do so company. as impacts for investors impacts to XXXX. with We for There year, did the experienced and provide guidance at clear sensitivities since provided regards the not I we I challenges we possible candidly thought the in was nation's much is on economy. Rather, well just
ability limiting affecting income usage, water closed business event, that the extent help time, or COVID-XX operating make this a payments public our economies customer activities and same service our on may mandated shut for revenues. customers' of offs state waiver global to have communities fees flow. a payment regulators mandatory At to and, may affect customers experience customers our the and current of including timely nonpayment national service affect for water certain are residential protections, pandemic to ultimately, and business during loss late protect cash moratorium is safety. and The local To due social orders our it
negatively the people and plan and facilities, in to and impact performance. our However, of the our critical operating that remote water our incur services anticipated play our our pause necessary the safety expenses regulators increases work, anticipate construction utilities accounts From additional we work and and COVID-XX. related will additional arrangements, maintain financial role XXXX COVID-XX in companies to recognize uncollectible also equipment, will business goods
from Jose With usage subsidiaries deal of activated its memorandum the bad all been event pandemic's deposits debt, to account San authorized our waived track impacts. tools catastrophic the such operating fees with levels. have provided regulatory Water costs of as connection Maine, has financial and incremental declines to exception and
and including the operations fair regulatory there. has am I orders. that lost a related Commission recovery to incurred costs Public revenues authorized mechanism evaluating Water track usage and SJWTX of track confident allow has as a and regulatory water in established the for established Connecticut of impact our on result revenues a account and Utilities fees. nonpayment account to COVID-XX asset revenue will late a adjustment asset expenses, water also to regulatory main And be reasonable
of related Group. SJW Through despite of the a impact have we thousands not on closed seen businesses, yet events QX, from material financial end COVID-XX
results to continue much our industry peers working Yet and to there national the do not and regulatory to closely is local operating industry and still, with associations advocate We relief. and our impacts for raise track attention we are further know.
We that $X.XXX would cost variables do know every certainly impact of share. earnings present million for reason of whatever These increased $X an challenges. have per
the part are of mitigate added from the we as combined operating we some and now of to in However, diversity benefit organization, that help have regulatory states risks. larger economic weather, X a of comes
supplies a clarity is there in our greater Where is California. water with
season through and because lower-than-normal our XXXX. available our watershed, anticipate from impacting the reliance behind purchased water water in us, meet of in customers' and locally precipitation we surface experienced rainfall our increases wholesaler With to on costs the largely the operating needs thereby in supplies significant our
more gallons water own $X.X cost incremental using million than of purchased sources. billion an supply of has X Every our
we share revised surface expect accordingly. earnings have further compared As of The share the significant QX, to been a announced has of the share impactful $X.XX $X.XX the to a direct our $X.XX anticipated graph guidance full we water weather to to per XXXX result are how supply XXXX. in our revising per shows in per and XXXX. precipitation in guidance and no water This as reduction With previously transparency, supply outlook $X.XX $X.XX on to
the of year This guidance will note, head ahead the X-year be the pandemic positive demand bodes graph this a usage shows of our well California last and into of a revision ahead result disclosure. peak normal ahead. Any course as this our as in On the further average. we of communicated months to
weeks X in have the impacts be our benefit high-quality shareholders. that service life, to What investing communities this water only we're shareholders. into The our difficult ability at COVID-XX. resources can say we prudent to way to of this systems financial fundamental throughout capital we it and continues growth is that our customers, Given and them of fully shelter-in-place areas juncture is our and quantify and return to of are to business financial management to
that XX of dividend to proud paid value dividend the to annual to are our delivering XX each over in last continuously We for and have years, have years shareholders. increased a
financial over will our I to Jim? I other matters. business turn Jim, QX remarks, Jim's who and After the will regulatory call results. now address will review
