01:04 PM EST, 01/16/2025 (MT Newswires) -- SJW Group ( SJW ) said Thursday that the California Public Utilities Commission granted the deferral of 2025 cost of capital filings by its subsidiary San Jose Water and three other California water utilities to May 1, 2026.

The utilities filed a request to postpone the filings for one year on Dec. 18, according to the company.

Postponing the filing will alleviate administrative processing costs for the utilities and the commission staff, SJW added.

The company said the deferral includes a provision to keep the water cost of capital mechanism in place until Jan. 1, 2027.

SJW shares were up 2% in recent trading.

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