STATE WATER OWNERSHIP GOING ABROAD - Settlement Reached

(01/03/2003)

A settlement has been reached between the state Attorney General, clearing the way for the sale of West Virginia water companies to a German conglomerate. State Attorney General Darrell McGraw says today's agreement with West Virginia-American Water Company protects Charleston's citizens. The state's Public Service Commission will review McGraw's agreement, which includes seven sections. . The local company must gain approval from the PSC before selling water out of state and must contribute 3 percent of its gross revenue from future water sales out of the state. The company also cannot use international treaties to challenge the PSC's jurisdiction and must pass along any savings from the sale to customers, among other considerations. See earlier Hur Herald stories.

Hur Herald ®from Sunny Cal The information on these pages, to the extent the law allows, remains the exclusive property of Bob Weaver and Dianne Weaver The Hur Herald. All information may be freely used but must not be sold or used in any type of commercial endeavor, or used on any web site without the express permission of the owners ©Bob and Dianne Weaver, The Hur Herald, 1999, 2000, 2001