SJW Corp., through its principal subsidiary, San Jose Water Company, provides water service in the greater metropolitan San Jose area. Subsidiaries The company’s subsidiaries are as follows: San Jose Water Company is a public utility, which is engaged in the business of providing water service to approximately 228,000 connections that serve a population of approximately 1 million people in an area comprising approximately 138 square miles in the metropolitan San Jose, California area. SJWTX, Inc. is doing business as Canyon Lake Water Service Company (CLWSC). CLWSC is a public utility, which is engaged in the business of providing water service to approximately 11,000 connections that serve approximately 36,000 people. CLWSC’s service area comprises approximately 240 square miles in western Comal County and southern Blanco County in the improving region between San Antonio and Austin, Texas. SJWTX, Inc. has a 25% interest in Acequia Water Supply Corporation. SJW Land Company owns undeveloped land in the states of California and Tennessee, and owns and operates commercial buildings in the states of California, Texas, Arizona and Tennessee, and has a 70% limited partnership interest in 444 West Santa Clara Street, L.P. Texas Water Alliance Limited (TWA) is undertaking activities that are necessary to develop a water supply project in Texas. Together, San Jose Water Company, CLWSC and TWA are referred to as Water Utility Services. SJW Land Company and its consolidated variable interest entity, 444 West Santa Clara Street, L.P., which operates commercial building rentals, are collectively referred to as Real Estate Services. Business The principal business of Water Utility Services consists of the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. San Jose Water Company provides water service to approximately 228,000 connections that serve customers in portions of the cities of San Jose and Cupertino and in the cities of Campbell, Monte Sereno, Saratoga and the Town of Los Gatos, and adjacent unincorporated territories, all in the County of Santa Clara in the state of California. San Jose Water Company distributes water to customers in accordance with accepted water utility methods. CLWSC provides water service to approximately 11,000 connections that serve approximately 36,000 people in a service area comprising approximately 240 square miles in the growing region between San Antonio and Austin, Texas. TWA has entered into arrangements with certain landowners in Gonzales County, Texas that provide for the development of a water supply project. In connection with the project, TWA applied for groundwater production and transportation permits to meet the water needs in the CLWSC’s service area and to the central Texas hill country communities and utilities adjacent to this area. In 2013, TWA's permits were approved unanimously by the groundwater district in Gonzales County. San Jose Water Company also provides non-tariffed services under agreements with municipalities and other utilities. These non-tariffed services include water system operations, maintenance agreements and antenna leases. Water Supply San Jose Water Company's water supply consists of groundwater from wells, surface water from watershed run-off and diversion, and imported water purchased from the SCVWD under the terms of a master contract with SCVWD expiring in 2051. San Jose Water Company pumps approximately 40% to 50% of its water supply from the underground basin and pays a groundwater extraction charge to SCVWD. As of December 31, 2013, San Jose Water Company's Lake Elsman contained 411 acre-feet or approximately 25% of the five-year seasonal average. In addition, the rainfall at San Jose Water Company's Lake Elsman was measured at 2.73 inches for the period from July 1, 2013 through December 31, 2013, which is 15% of the five-year average. CLWSC's water supply consists of groundwater from wells and purchased raw water from the Guadalupe-Blanco River Authority (GBRA). CLWSC has long-term agreements with GBRA, which expire in 2040, 2044 and 2050. The agreements provide CLWSC with 6,700 acre-feet of water per year from Canyon Lake and other sources at prices that may be adjusted periodically by GBRA. Franchises Franchises granted by local jurisdictions permit Water Utility Services to construct, maintain, and operate a water distribution system within the streets and other public properties of a given jurisdiction. San Jose Water Company holds the necessary franchises to provide water in portions of the cities of San Jose and Cupertino and in the cities of Campbell, Monte Sereno and Saratoga, the Town of Los Gatos and the unincorporated areas of Santa Clara County. Regulations Water Utility Services is in compliance with all of the United States Environmental Protection Agency's (the EPA) surface water treatment performance standards, drinking water standards for disinfection by-products and primary maximum contaminant levels. These standards have been adopted and are enforced by the California Department of Public Health and the TCEQ for San Jose Water Company and CLWSC, respectively. San Jose Water Company and CLWSC are public utilities regulated by the California Public Utilities Commission and the Texas Commission on Environmental Quality (TCEQ), respectively, and operate within a service area approved by the regulators. San Jose Water Company is in compliance with all state and local regulations governing hazardous materials, point and non-point source discharges and the warning provisions of the California Safe Drinking Water and Toxic Enforcement Act of 1986. History SJW Corp. was founded in 1866. The company was incorporated in California in 1985.
sjw corp (SJW:New York)
110 West Taylor Street
San Jose, CA 95110
|American States Water Co||$37.12 USD||+0.53|
|Artesian Resources Corp||$22.37 USD||+0.26|
|Connecticut Water Service Inc||$36.69 USD||+0.05|
|Middlesex Water Co||$23.16 USD||+0.38|
|York Water Co/The||$24.08 USD||+0.23|
|View Industry Companies|
Sponsored Financial Commentaries
To contact SJW CORP, please visit www.sjwater.com. Company data is provided by Capital IQ. Please use this form to report any data issues.