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SJWTX, a subsidiary of SJW Group, is a public water utility providing service to approximately 65,000 people through approximately 23,900 water and wastewater service connections in a service area comprising about 250 square miles in Bandera, Comal, Blanco, Hays, Kendall, Medina and Travis counties it is located between Austin and San Antonio. A decision on that application is expected in the first quarter of 2022.Ībout SJWTX dba Canyon Lake Water Service Company SJWTX has an application before the Public Utilities Commission of Texas to acquire Texas Country Water, which would add another 100 customers. Its service area extends across seven counties, including Comal, Hays, and Kendall counties in the corridor between Austin and San Antonio. Over the past 15 years, the company has more than tripled in size from 6,500 to more than 23,900 water and wastewater service connections, including Kendall West. This is the 14th acquisition by SJWTX since 2006. Our planned capital budget for our Texas operations is $24.5 million in 2022, with significant investments planned in our water distribution system to enhance system reliability and water quality, and to reduce water lost to leaks.” The acquisition will not affect the current rates of customers of the Kendall West and Bandera East utilities or those of the Canyon Lake Water Service Company.
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Hodge further stated, “SJWTX is continually investing in infrastructure to serve this growing region. Thomas Hodge, president of SJWTX, stated, “Our team of local Texas water professionals looks forward to serving our new customers.” Mr. In addition, Kendall West also provides wastewater services that deliver recycled water for landscape irrigation - stretching the use of scarce water resources. The Kendall West and Bandera East utilities and Canyon Lake Water Service Company rely on water resources from Canyon Lake and the Trinity aquifer. Thornburg further stated, “Building scale across our Texas operation and combining it with access to capital, management and technical resources available across SJW Group benefits customers, communities and the environment through efficient operations and smart-use of water resources.” Thornburg, chair, president and CEO of SJW Group. “SJWTX has a strong record of integrating acquisitions in this rapidly growing area to deliver exceptional water quality and service,” stated Eric W. With the addition of Kendall County, SJWTX will operate in three of the top five fastest percentage growth counties in the US according to the US Census Bureau. The Kendall West and the Bandera East utilities have more than 1,600 water and wastewater service connections, and serve approximately 4,000 people in Kendall, Bandera and Medina counties in Texas.
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SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as the Canyon Lake Water Service Company, has closed on the purchase of two water/wastewater acquisitions that were under common ownership.
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