WEST VIRGINIA WATER CO. BEING SOLD TO GERMAN CONCERN - Public Service Commission Open For Comments

(12/22/2001)

West Virginia-American Water Company, which now owns several water companies around West Virginia, is requesting permission from the West Virginia Public Service Commission to sell their concerns to a German-based company. The total amount for the sale is $7.6 billion, which includes 26 other subsidiaries in 23 states. Most of the West Virginia water companies were built with taxpayer money. American Water has annual revenues of $1.4 billion, and is the largest publicly traded water company in the country. The West Virginia PSC will hear citizen's concern, comments or protests on the sale, PSC case number 01-1691-W-PC at 201 Brooks Street, P. O. Box 812, Charleston WV 25323.

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