Consideration of Cal Water-Dominguez Merger Delayed by Commission.Business Editors SAN JOSE, Calif.--(BUSINESS WIRE)--March 28, 2000 California Water Service Group (NYSE NYSE See: New York Stock Exchange :CWT cwt 112 pounds avoirdupois weight. ) and Dominguez Services Corporation (Nasdaq:DOMZ) announced today that California Public Utilities Commission The California Public Utilities Commission (CPUC; also often commonly referred to as simply the PUC) [1] is a state Public Utilities Commission which regulates privately-owned utilities in the state of California, including electric power, (CPUC CPUC California Public Utilities Commission CPUC Current Procurement Unit Cost ) approval of their merger is expected to occur after the April 6, 2000 date that was previously anticipated. At the request of the CPUC staff's Office of Regulatory Advocates (ORA ora (o´rah) pl. o´rae [L.] an edge or margin. ora serra´ta re´tinae the zigzag margin of the retina of the eye. ), oral arguments had been scheduled for March 21 before the full Commission. However, due to scheduling conflicts, a quorum was unable to attend the meeting. Briefings with the individual Commissioners by ORA and company representatives are being conducted. Also, a new Commissioner has recently been appointed. The delay provides the new Commissioner time for review and consideration of the Administrative Law Judge's recommended decision to approve the merger. At this time, the Commission has not formally rescheduled a date to consider the merger, however, the companies anticipate approval during the second quarter. Additional information about the merger may be obtained on the companies' web sites, located at www.calwater.com and www.dominguezh2o.com. This press release contains a number of forward-looking statements that are based on current information and expectations. Actual results may vary materially. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion