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The $35 billion Drinking Water and Wastewater Infrastructure Act is the first legislation related to the Biden-Harris administration’s sweeping infrastructure proposal to advance out of the Senate. It would invest in alternate water sources like storm and wastewater reuse and desalination projects. It would also shore up the nation’s water systems against climate change, drought, wildfire and cyber threats.
Arizona Democratic Sen. Mark Kelly is a cosponsor, and says it includes $50 million a year for tribal drinking water projects. There are a lot of communities that don’t have access to running water even now. I’m talking about just basic water infrastructure. Tribal communities still often lack access, says Kelly.
Press release content from Business Wire. The AP news staff was not involved in its creation.
SJW Group Announces 2021 First Quarter Financial Results, Provides 2021 Guidance, and Declares Dividend
April 28, 2021 GMT
SAN JOSE, Calif. (BUSINESS WIRE) Apr 28, 2021
SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March 31, 2021. SJW Group net income was $2.6 million for the quarter ended March 31, 2021, compared to $2.4 million for the same period in 2020. Diluted earnings per share were $0.09 and $0.08 for the quarters ended March 31, 2021 and 2020, respectively. Diluted earnings per share in 2021 includes $0.12 per share from ongoing operations offset by non-recurring expenses related to the Texas ice storms of $0.7 million (net of tax) or $0.03 per share. Diluted earnings per share in 2020 includes $0.15 per share from ongoing operations offset by non-recurring expenses related to the Connecticut Water Service, Inc. merger and integration fees o
Operator
Good morning, and welcome to Rexnord First Quarter 2021 Earnings Results Conference Call with Todd Adams, Chairman, President and Chief Executive Officer; and Mark Peterson, Senior Vice President and Chief Financial Officer. This call is being recorded and will be available on replay for a period of two week. The phone numbers for the replay can be found in the earnings release the company filed 8-K with the SEC yesterday, April 27th.
At this time, for opening remarks and introduction, I will turn the call over to Mark Peterson.
Mark W. Peterson
Senior Vice President and Chief Financial Officer
What are Michigan’s Community Water System Infrastructure Needs?
April 29, 2021
Millions of dollars of federal funds for local governments will begin arriving next month and investing in the upkeep of our drinking water systems is encouraged.
Investment in water system infrastructure was highlighted in the American Rescue Plan pandemic relief legislation as something that local governments should consider using their federal money that soon will be arriving in their bank accounts for. And if the American Jobs Plan and the infrastructure legislation that Congress is considering is passed, there will be additional federal money available to accelerate much needed water infrastructure projects. However, what these needed water investments are is not publicly known.