SJW Corp. (NYSE:SJW) Q2 2020 Earnings Conference Call - Final Transcript

Aug 07, 2020 • 11:00 am ET


SJW Corp. (NYSE:SJW) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the SJW Group's Second Quarter 2020 Financial Results Conference Call. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Jim Lynch, Chief Financial Officer. Please go ahead.

James Lynch

Thank you, operator. Welcome to the Second Quarter 2020 Financial Results Conference Call for SJW Group. I will be presenting today with Eric Thornburg, Chairman of the Board, President and Chief Executive Officer. For those who would like to follow along, slides accompanying our remarks are available on our website at Before we begin today's presentation, I would like to remind you that this presentation and related materials posted on our website may contain forward-looking statements. These statements are based on estimates and assumptions made by the company in light of its experience, historical trends, current conditions and expected future developments as well as other factors that the company believes are appropriate under the circumstances.

Many factors could cause the company's actual results and performance to differ materially from those expressed or implied by the forward-looking statements. For a description of some of the factors that could cause actual results to be different from statements in this presentation, we refer you to the financial results press release and to our most recent forms 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission, copies of which may be obtained on our website. All forward-looking statements are made as of today, and SJW Group disclaims any duty to update or revise such statements. You will have an opportunity to ask questions at the end of the presentation. [Operator Instructions] and an archive of the webcast will be available until October 26, 2020. You can access the press release and the webcast at our corporate website.

I will now turn the call over to Eric.

Eric Thornburg

Thank you, Jim. Welcome, everyone, and thank you for joining us. I am Eric Thornburg, and it is my honor to serve as Chairman, President and CEO of SJW Group. The importance of delivering clean, safe and reliable drinking water has never been more evident than now when something as basic as hand washing has become such a critical activity in protecting public health and preventing the further spread of COVID-19. As I was preparing my remarks this week, our New England operations, especially Connecticut, was hit with tropical storm Isaias. Despite widespread power outages across our serviced towns, we continued to provide uninterrupted water service to all of our customers, which remains essential during the pandemic. This is a testament to our highly effective planning and capital investment strategy and our dedicated teams who served our customers well throughout the event.

We also thank the commissioners of the Connecticut Public Utilities Regulatory Authority and leadership of the Connecticut Department of Public Health for their support and assistance to prioritize power restoration to our essential facilities during the event. Our 700-plus employees nationwide deliver a mission-critical service to the customers and communities