Public Utilities – Water & Sewer – Private Utility Sale – Gain on Sale – Allocation to Customers — MunicipalState ex rel. Utilities Commission v. Carolina Water Service, Inc. of North Carolina Since 1994, the Utilities Commission has followed a policy of assigning 100 percent of the gain on sale to shareholders when a private utilities company sells its system to a municipality. In this case, the Commission reasonably chose to make an exception to that policy when a private utility, Carolina Water Service, Inc.
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Published: January 15, 2013
Time posted: 5:34 pm