Texas Water Company Files Application To Acquire 3009 Water Company

The Texas Water Company (TWC) has filed an application with the Public Utilities Commission of Texas (PUCT) to acquire 3009 Water Company.

“We continue to see strong customer growth in our Texas Water service area,” stated Texas Water Company President Aundrea Williams. “We have a strong record of successful acquisitions and have been diligent about strategically securing additional water supplies to support the unprecedented growth we are experiencing.”

3009 Water Company serves approximately 270 customers in Comal County, Texas. A decision on the application is anticipated from the PUCT in the third quarter of 2024. Texas Water will be requesting filed rate doctrine treatment and fair market value for 3009 Water Company.

Texas Water, located in the growth pathway between San Antonio and Austin, serves customers in three of the five fastest-growing counties in the United States. The company has closed more than 16 acquisitions since 2006 and has more than quadrupled the number of customers it serves, from 6,500 to more than 28,000.

About The Texas Water Company

The Texas Water Company, a subsidiary of SJW Group (NYSE: SJW), is a public water utility situated in the Texas Hill Country between Austin and San Antonio, providing service to approximately 78,000 people through over 28,000 water and 950 wastewater service connections. With three of the five fastest-growing counties in the United States between 2010 and 2019, Texas Water serves customers in Comal, Blanco, Kendall, Bandera, Medina, Hays and Travis counties.

About SJW Group

SJW Group is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to nearly 1.5 million people. SJW Group’s locally led and operated water utilities — San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine and SJWTX Inc. (dba The Texas Water Company) in Texas — possess the financial strength, operational expertise and technological innovation to safeguard the environment, deliver outstanding service to customers and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities and delivering continued sustainable value to its stockholders. For more information about SJW Group, please visit www.sjwgroup.com.