WATER/KPC/RHG Mailed 3/18/05
Decision 05-03-008 March 17, 2005
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
Application for Authority to Transfer 100% of the Outstanding Stock of YERBA BUENA WATER COMPANY U-323-W from John A. DeFalco and Neil N. Werb to Crown Pointe Estates at Malibu, LLC pursuant to Public Utilities Code Sections 851-854. |
Application 05-01-014 (Filed January 13, 2005) |
O P I N I O N
1. Summary
Pursuant to Pub. Util. Code §§ 851 through 8541, this decision authorizes John A. DeFalco and Neil N. Werb, principal stockholders of Yerba Buena Water Company (Yerba Buena), to sell and transfer 100% of the utility's outstanding stock to Crown Pointe Estates at Malibu, LLC (Crown Pointe Estates), as described in Application (A.) 05-01-014 and attached exhibits (Application). Crown Pointe Estates will retain Robert M. Berry, president and manager of Yerba Buena for the past 23 years, to continue operating the system.
Notice of the filing appeared on the Commission's Daily Calendar of January 25, 2005. No protests have been received.
1 All statutory references are to the Public Utilities Code unless otherwise indicated.
