San Jose Water Company, Inc. announced that on February 28, 2013, R. Scott Yoo, Chief Operating Officer of the company informed that he will retire on March 29, 2013. Upon his retirement, Dr. Yoo will cease to be an executive officer of the company. Dr. Yoo has been in the employ of San Jose Water Company for more than 27 years.

On April 25, 2012, George J. Belhumeur, the Senior Vice President of Operations of San Jose Water Company, Inc., informed the company that he will retire effective May 25, 2012. Mr. Belhumeur is one of the named executive officers in the corporation's most recent proxy statement filed on Schedule 14A with the Securities and Exchange Commission on March 7, 2012. Upon his retirement, Mr. Belhumeur will cease to be an executive officer of the corporation and San Jose Water Company. Mr. Belhumeur has been in the employ of San Jose Water Company for more than 41 years.

On March 1, 2012, San Jose Water Company, Inc. and Wells Fargo entered into a credit agreement which provides for an unsecured revolving credit facility in an aggregate amount of $75 million. The credit agreement replaces the company’s existing credit facility with Wells Fargo. The credit facility will be used for working capital purposes, including the short-term financing of capital projects. The credit agreement expires, and all obligations there under shall be due and payable, on September 1, 2014, unless earlier accelerated upon the occurrence of an event of default. The agreement contains affirmative and negative covenants and events of default customary for credit facilities of this type, including, among other things, limitations and prohibitions relating to additional indebtedness, liens, mergers, and asset sales by the company.