State Corporation Commission Reviews Proposed Acquisition of Utilities by Virginia American Water

The State Corporation Commission (SCC) Hearing Officer presided over an evidentiary hearing concerning the proposed acquisition of utilities by Virginia American Water (VAW). The hearing, devoid of expert witness testimony, proceeded smoothly without any notable challenges to the terms outlined in the proposed Stipulation Agreement.

Attendees noted the absence of red flags during the hearing, signaling a generally positive reception to the acquisition proposal. VAW expressed its intention to proceed with the acquisition, aiming for a closing date of May 1st. They also expressed the hope for a final ruling by early April to facilitate the process.

The upcoming steps in the process involve the Hearing Officer issuing a report based on the proceedings. Following this, the involved parties will have the opportunity to provide comments on the report. Once these steps are complete, the case will be ready for the Commission to issue a final order regarding the acquisition.