Business Services Industry
Kentucky Panel to Hold New Public Hearing about Water Firm Acquisition.
Knight Ridder/Tribune Business News, September, 2002
By Andy Mead, Lexington Herald-Leader, Ky. Knight Ridder/Tribune Business News
Sep. 4--Although it's the second time around, the acquisition of Kentucky-American Water Co. will get "full and thorough consideration" by the state Public Service Commission, a PSC spokesman said yesterday.
That means there will be a new public hearing, with "the same cast of characters" intervening, said Andrew Melnykovych, the commission's communications director.
In May, the PSC approved the sale of Kentucky-American to RWE AG, a German utility conglomerate, in a rare 2-1 split vote.
The decision followed two days of hearings, and months of wrangling by opponents and supporters of the deal.
Opponents of the sale see a new hearing as a...
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