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ALJ/VDR/tcg Date of Issuance 7/11/2008
Decision 08-07-017 July 10, 2008
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
Application of David R. Robertson requesting to sell the assets of the Tahoe Park Water Company, Inc. and Richard M. Dewante, Tahoe Park Water Company requesting to buy all assets in this water system located near Tahoe City in the unincorporated area of Placer County, California. |
Application 06-11-020 (Filed November 28, 2006) |
DECISION APPROVING SALE AND PURCHASE OF
ASSETS OF TAHOE PARK WATER COMPANY, INC.
We approve the parties' joint application for approval of the sale of assets of Tahoe Park Water Company, Inc. (Seller) to Tahoe Park Water Company, a California Corporation (Buyer), subject to terms and conditions ensuring that the scope and subject matter of the transaction are clear and unambiguous, and that the interests of customers are protected.
The application is unopposed. Buyer's president, who is a licensed operator, has been operating the water system since April 3, 1996, and the transaction will not materially affect either the management or the operation of the system. We conclude that purchase and sale of the assets under the terms of our Order will not adversely affect the public interest, and we approve the applicants' joint request.
Application 06-11-020 is closed.