California regulators have struck a preliminary settlement with San Jose Water, following an explosive report last year that alleged the South Bay utility had been overcharging customers for decades.

But as KCBS Radio's Keith Menconi reports some ratepayers say the settlement doesn’t go far enough.

<p>California regulators have struck a preliminary settlement with San Jose Water, following an explosive report last year that alleged the South Bay utility had been overcharging customers for decades.</p>
<p>But as KCBS Radio's Keith Menconi reports some ratepayers say the settlement doesn&rsquo;t go far enough.</p>

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