Tahoe City utility officials discuss water company acquisitions
February 18, 2010
TAHOE CITY and#8211; Taking a proactive approach, utility officials are reaching out to residents for suggestions about future water company acquisitions.
The Tahoe City Public Utilities District’s Special Workshop, held Feb. 18 at 11:00 a.m. at the TCPUD offices, will showcase 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 Lake Forest Water System acquisition, an acquisition being pursued by the TCPUD, has generated many heated arguments with some predicting water rates will 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.