SJW SJW Group

Quadvest Fair Market Value Determination Received; On Track for Mid-2026 Close

Quadvest Fair Market Value Determination Received; On Track for Mid-2026 Close

SAN JOSE, Calif., Dec. 29, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) today announced that its regulated Texas water and wastewater utility, The Texas Water Company (TWC), received the appraised fair market values (FMV) from the three Public Utility Commission of Texas (PUCT)-appointed appraisers for the assets of Quadvest LP, a regulated investor-owned water and wastewater utility operating in the Houston metro area. In accordance with Texas’ FMV statute, the purchase price of $483.6 million will serve as the ratemaking rate base.

“We appreciate the hard work of all parties involved during the appraisal process,” said Aundrea Williams, President of TWC. “We believe the FMV determination supports our previously communicated benefits of the transaction.”

TWC plans to file the Sale-Transfer-Merger (STM) application with the PUCT by mid-January to request approval of TWC’s acquisition of the Quadvest LP assets and certification of the value of the rate base.

We continue to anticipate closing the Quadvest acquisition by mid-2026.

Investor Relations:

Jonathan G. Reeder

Senior Director of Treasury & Investor Relations

(475) 414-1034

Media Relations:

Nazan Riahei

Vice President of Communications

(408) 731-0890



EN
29/12/2025

Underlying

SJWSJW Group

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SJW Group

 PRESS RELEASE
Free
SJW SJW GROUP

Quadvest Fair Market Value Determination Received; On Track for Mid-20...

Quadvest Fair Market Value Determination Received; On Track for Mid-2026 Close SAN JOSE, Calif., Dec. 29, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) today announced that its regulated Texas water and wastewater utility, The Texas Water Company (TWC), received the appraised fair market values (FMV) from the three Public Utility Commission of Texas (PUCT)-appointed appraisers for the assets of Quadvest LP, a regulated investor-owned water and wastewater utility operating in the Houston metro area. In accordance with Texas’ FMV statute, the purchase price of $483.6 million will serve...

13h / 56m 1 EN
 PRESS RELEASE
Free
SJW SJW GROUP

H2O America Appoints Nicholas Whitley as Vice President of Business De...

H2O America Appoints Nicholas Whitley as Vice President of Business Development SAN JOSE, Calif., Dec. 22, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO), a leading investor-owned, pure-play water and wastewater utility, today announced the appointment of Nicholas Whitley as vice president of business development, effective December 22. In this role, Whitley will lead H2O America’s business development initiatives, including the identification, evaluation and execution of strategic growth opportunities that expand the company’s water and wastewater footprint and support long-term, sus...

December 22, 2025 1 EN
 PRESS RELEASE
Free
SJW SJW GROUP

H2O America Announces Board Leadership Transition

H2O America Announces Board Leadership Transition SAN JOSE, Calif., Dec. 15, 2025 (GLOBE NEWSWIRE) -- H2O America today announced that Eric W. Thornburg will retire as non-executive chair of the board of directors, effective Jan. 31, 2026. Mr. Thornburg has served the company with distinction for many years, including as chair, president, and CEO, and most recently as non-executive chair of the board. His leadership has been instrumental in shaping H2O America’s mission and its commitment to delivering high-quality, reliable water service to communities across the region. This transition...

December 15, 2025 1 EN
 PRESS RELEASE
Free
SJW SJW GROUP

H2O America Named to Newsweek’s America’s Most Responsible Companies 2...

H2O America Named to Newsweek’s America’s Most Responsible Companies 2026 for Second Consecutive Year SAN JOSE, Calif., Dec. 04, 2025 (GLOBE NEWSWIRE) -- H2O America (Nasdaq: HTO), one of the nation’s largest investor-owned water and wastewater utilities, has been named to Newsweek’s America’s Most Responsible Companies 2026 list, which recognizes U.S. companies demonstrating outstanding commitment to environmental, social, and governance (ESG) performance. Earlier this year, H2O America was one of two utilities recognized in Newsweek’s list of Greenest Companies 2026. “We are honored to...

December 4, 2025 1 EN
 PRESS RELEASE
Free
SJW SJW GROUP

H2O America Announces Deferral of San Jose Water Company’s Cost of Cap...

H2O America Announces Deferral of San Jose Water Company’s Cost of Capital Filing to May 1, 2027 Upholds San Jose Water’s current 9.81% allowed return on equity (ROE), which is the CPUC-approved 10.01% base ROE prior to a 20-basis-point reduction related to the Water Conservation Memorandum Account (WCMA)Timing for next cost of capital filing will be May 1, 2027, effective Jan. 1, 2028Water Cost of Capital Mechanism (WCCM) remains in place until Jan. 1, 2028 SAN JOSE, Calif., Nov. 19, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) announced today that its wholly owned subsidiary, San...

November 19, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch