Monterey Peninsula water officials on Monday will take a first step toward assessing the value of California American Water Co.’s delivery system so a public agency can acquire the investor-o…
MONTEREY — Monterey Peninsula water officials on Monday will take a first step toward assessing the value of California American Water Co.’s delivery system so a public agency can acquire the investor-owned utility, following voter approval of the buyout in 2018.
District General Manager Dave Stoldt on Friday said the new appraisals are needed because ones conducted in 2019 have grown stale, partly because of the lengthy effort with an intra-governmental board called the Local Agency Formation Commission, or LAFCO. The district went before LAFCO to have it approve the district’s “latent powers,” which is essentially an approval of the district’s financial wherewithal to operate Cal Am’s system.
There are also filings with regulators Cal Am has made, such as the California Public Utilities Commission, which must approve any rate hikes, as well as comparable sales of other utilities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boil Water Advisory Issued For Thousands Of Montgomery County ResidentsMore than 2,000 Montgomery County residents are currently under a boil water advisory. Here's what you need to know:
Read more »
2,200 Montgomery County residents and businesses advised to boil waterOfficials with WSSC said a water main break led to a boil water advisory for residents and businesses in Montgomery County's Cabin John and Glen Echo areas.
Read more »
California unveils new water strategy amid savage megadroughtCalifornia unveils a new water strategy in western US state that plans for a future with 10% less water and shifts emphasis from conservation to capturing more water that otherwise flows out to sea
Read more »
Rhine River could fall below critical mark, risking industryGerman officials say water levels on the Rhine River could reach a critically low point in the coming days, making the transport of goods along the river increasingly difficult.
Read more »
Mexico prepares to launch search for trapped coal minersMexican authorities say they are finally in a position to begin search for 10 workers trapped in a coal mine for more than a week, offering fresh hope to anguished relatives
Read more »
Alabama to Return Hundreds of Thousands of Native American Artifacts - Alabama NewsOfficials say Alabama is in possession of more than 300,000 Native American Burial Artifacts, and at least 30 sets of human remains.
Read more »