Cover It Live recap: Tahoe City utility officials discuss water company acquisitions
February 18, 2010
TAHOE CITY, Calif. and#8212; Taking a proactive approach, utility officials are reaching out to residents for suggestions about future water company acquisitions.
A Tahoe City Public Utilities District’s workshop takes place at 11 a.m. Thursday at district offices in Tahoe City, centered around potential policy options to acquire water companies.
Last month, TCPUD board members voted to allot up to $10,000 for consultants to research data on water company acquisitions.
The district has discussed acquiring the Lake Forest Water Company, which has generated some controversy as some are predicting water rates to increase should the utility district have to refurbish sub-standard facilities and machinery.
The workshop, while not designed to address this specific issue, will look at potential options that could deal with similar types of acquisitions in the future.
Follow Reporter Jason Shueh’s live coverage of the workshop, beginning at 11 a.m. Thursday, by joining the conversation below, powered by Cover It Live.