ALJ/GEW/tcg DRAFT CA-9

6/14/01

Decision PROPOSED DECISION OF ALJ WALKER (Mailed 5/15/2001)

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

In the matter of the Application of DEL ORO WATER COMPANY, INC. U-61-W, for authority to refinance existing debt of approximately $2,400,000; borrow an additional sum of approximately $1,000,000 for capital expenditures within its Paradise Pines District; and establish a $100,000 revolving line of credit.

Application 00-12-019 (Filed December 6, 2000)

William G. Fleckles, Attorney at Law, for Del Oro Water Company, applicant.

Marshall S. Mayer, Attorney at Law, for Shirley A. Mayer, protestant.

O P I N I O N

1. Summary

This decision grants Del Oro Water Company, Inc. (Del Oro) authority to establish a $100,000 revolving line of credit for short-term working capital, refinance $2.4 million of existing debt to save approximately $70,000 annually, and arrange for a $1 million financing for construction of a new well, a new storage tank, and an abatement pump house in the company's Paradise Pines District. This authorization follows analysis of the application by the Commission's Water Division and a one-day hearing before an administrative law judge (ALJ) to consider a ratepayer protest.