H2O America

Ladies and gentlemen, thank you for standing by, and welcome to the SJW Group Third Quarter Earnings Conference Call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone keypad. Please be advised that today's call is being recorded. If you require any further assistance during the conference, please press star 0, and an operator will be happy to assist you. I would now like to hand the conference over to Jim Lynch, Chief Financial Officer. Thank you. Please go ahead, sir.

Thank you, Operator. Welcome to the third 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 www.sjwgroup.com. 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 our presentation. As a reminder, this webcast is being recorded, and an archive of the webcast will be available until January 25, 2021. You can access the press release and the webcast at our corporate website. I will now turn the call over to Eric.

Thank you, Jim. Welcome, everyone, and thank you for joining us. I'm Eric Thornburg, and it is my honor to serve as chairman, president, and CEO of SJW Group. It was just over a year ago that SJW Group completed its transformative merger with Connecticut Water. We knew going into the combination that our teams across the country had similar values, a commitment to service, and that our people would work well together for the benefit of customers, their coworkers, shareholders, and the environment. In the months that followed our historic combination, I cannot tell you how proud I am of our people and their passion for protecting public health, employee safety, serving our customers and communities, and living our shared values. Just four months into our integration, we, like others, were faced with COVID-19. It was to be the first of many challenges in 2020 that had included wildfires and brownouts in our California service area, a significant late winter snowstorm in Maine, a tropical storm in Connecticut, and drought in Texas. The challenges of 2020 have forged bonds and shown the strengths within and across our operations. In many ways, this has accelerated our integration, especially the work of our employee health and safety team, which has been outstanding. Using a pre-COVID-19 pandemic plan as their foundation, and with the support of their colleagues, they created protocols, policies, and PPE guidelines that have kept our people safe while allowing them to do the critical work necessary to deliver life-sustaining drinking water to 1.5 million people across all four of our states. Of course, mental health is just as important as physical health. In view of the times, we expect have expanded the variety of mental health resources available to employees and their families. As we all react to stress differently, having an array of options available allows our people to find the resources that are best for them. Offerings range from an employee peer support team to online mindfulness sessions to professional counseling through our employee assistance program and medical programs. Our managers have received training on how to have those sensitive conversations with peers and coworkers that they're concerned about. Our employees are resilient and we continue to support their mental and physical health and wellness. SJW Group remains focused on its core growth strategy of investing in water systems so we can provide safe and reliable water service to customers and communities and earn a fair return for shareholders. We've been reminded of the critical nature of investments in clean, safe drinking water for public health and sanitation like never before. Despite some delays due to COVID-19, our operations in Connecticut, Maine, and Texas are on track to deliver their 2020 capital programs. And in California, San Jose Water will achieve the $320 million three-year capital program authorized in the last rate case. In July, ground was broken on Mainwater's Saco River drinking water treatment facility in Biddeford, which is part of the Biddeford and Saco Water Company acquired by CTWS in 2013. This generational investment of more than $50 million replaces a facility that has been serving customers in Southern Maine since 1884. The new facility is being designed to meet sustainable infrastructure standards set by the Institute for Sustainable Infrastructure. This project was slightly delayed in 2020 due to COVID, but will be completed on time in the spring of 2022. Continuing our commitment to invest in critical infrastructure, The overall 2021 capital plan for SJW Group subsidiaries has been set at $237.8 million, including the largest capital plans in the history of our New England and Texas subsidiaries. We remain focused on our core business and executing on our growth strategy in a most extraordinary year. This is a true testament to commitment of our people and the passion of our leaders and value of our mission. We reaffirm our earlier guidance of $1.95 to $2.05 per share in 2020. I will now turn the call over to Jim, who will review our Q3 financial results. After Jim's remarks, I will address other regulatory and business matters. Jim?