Acquisition And Strategic GrowthHTO’s acquisition of Quadvest provides strategic exposure to the rapidly-growing Houston metropolitan service territories and provides up to $500mn of follow-on capex opportunities.
Capital Expenditure And GrowthThe 25% increase in 5-year capital expenditure budget supports earnings growth in the top half of the 5-7% range.
Management And LeadershipCFO Andrew Walters, who is considered a capable leader, will take over as CEO, and during his tenure as CFO, SJW's financial execution and communications have improved the company's credibility.