New Braunfels Utilities is a community-owned utilities company, dedicated to enhancing the quality of life for customers by providing services and preserving the environment as good stewards of natural resources. NBU was established in 1942 when the City Commission of New Braunfels purchased the electric transmission and distribution system from the Public Service Company of San Antonio. In 1959 the city of New Braunfels assigned operations of the water and sewer systems to NBU. The company employs over 200 people in three lines of business: electric, water and sewer/wastewater. These NBU systems have a net value of $260 million with annual revenues of over $116 million. The city of New Braunfels receives an annual payment of approximately $5.7 million. The NBU Electric System consists of more than 689 miles of overhead and underground distribution lines. It has more than 30,000 electric meters on the system.