Texas Water Company Closes on Acquisitions of KT Water Development and KT Water Resources
The Texas Water Company, a subsidiary of SJW Group (NYSE: SJW), today announced that it has closed on the acquisitions of KT Water Development Ltd. and KT Water Resources L.P.
- The Texas Water Company, a subsidiary of SJW Group (NYSE: SJW), today announced that it has closed on the acquisitions of KT Water Development Ltd. and KT Water Resources L.P.
- KT Water Resources L.P. is a wholesale groundwater resource supplier to KT Water Development Ltd.
- “Our customers will begin seeing the benefits of our acquisition of KT Water Resources in the next two to three years,” stated Thomas Hodge, president of Texas Water Resources LLC, a nonregulated subsidiary of SJW Group in Texas that acquired the assets of KT Water Resources.
- The Texas Water Company requested an applied rate doctrine treatment for this acquisition through the PUCT, which would allow the existing rates of The Texas Water Company to be applied to KT Water Development.