The for-profit company feeding water to six Santa Clara County cities may agree to walk back its plan for a 22% water rate hike over three years. State officials are in the process of developing a settlement with the San Jose Water Company that would adjust its controversial January proposal, after residents during hearings this summer questioned how working families or seniors on fixed incomes could absorb the increases. “(The settlement) would see the rate increases more aligned with anticipated inflation,” Richard Rauschmeier, program manager of the California Public Utilities Commission’s Public Advocates Office, told San José Spotlight. The settlement…
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