July 29, 2016 2:13 PM ET

Water Utilities

Company Overview of SJWTX, Inc.

Company Overview

SJWTX, Inc., doing business as Canyon Lake Water Service Company, engages in the treatment and supply of Canyon Lake water to residents in Comal County and southern Blanco County. The company was founded in 2005 and is based in New Braunfels, Texas. SJWTX, Inc. operates as a subsidiary of SJW Corp.

1399 Sattler Road

New Braunfels, TX 78132

United States

Founded in 2005

Phone:

830-964-2166

Fax:

830-964-2779

Key Executives for SJWTX, Inc.

Chief Financial Officer and Treasurer
Age: 57
Chief Executive Officer of SJW Corp., President of SJW Corp. and Director of SJW Corp.
Age: 63
Compensation as of Fiscal Year 2016.

SJWTX, Inc. Key Developments

Public Utility Commission of Texas Approves Final Order of SJWTX, Inc.’s 2013 Rate Case

SJW Corp. announced that the Public Utility Commission of Texas voted unanimously to approve a final order deciding SJWTX, Inc.’s 2013 rate case. SJWTX, a wholly owned subsidiary of SJW Corp., doing business as Canyon Lake Water Service Company, is a public utility in the business of providing water and wastewater service to approximately 36,000 residents in Comal and Blanco Counties. As approved, the final decision will settle all issues with the Coalition for Equitable Water Rates, the PUCT and the Office of Public Utility Counsel regarding the 2013 rate case for all customers located outside the City of Bulverde’s jurisdiction. The decision authorizes the requested average system-wide rate increase to be phased-in annually beginning January 1, 2015 through January 1, 2018. The decision further provides that no refunds or credits will be owed to customers for application rates in effect between December 2, 2013 and December 31, 2014. It also allows for the filing of additional applications to recover increases in purchased water supply costs for such customers. As part of the settlement, SJWTX has the option to file a general rate case application after September 1, 2017 to establish a new rate increase. If the Company elects this option prior to December 31, 2017, the January 1, 2018 scheduled rate increase in the decision will not become effective. SJWTX had reached a separate settlement in February 2014 with the City of Bulverde covering approximately 1,500 residents.

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Recent Private Companies Transactions

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