Business Services Industry
RWE subsidiary bails out of Eastern Kentucky water system's woes.
Knight Ridder/Tribune Business News, July, 2004
Lexingt Lee Mueller on Herald-Leader, Ky. Knight Ridder/Tribune Business News
Jul. 13--INEZ, Ky. -- While Kentucky American Water fends off condemnation efforts in Lexington, a corporate cousin is bailing out this week on an effort to rehabilitate a decrepit Eastern Kentucky water system.
Citing a $537,296 debt owed by the Martin County Water District, American Water Services Inc. -- a New Jersey-based subsidiary of RWE in Germany, which also owns Kentucky American -- is abandoning the Inez plant on Wednesday, project manager Dave Cooley said.
"It couldn't go on any longer," he said.
After years of neglect, Martin County's 31-year-old rust-streaked water plant literally stopped running in April 2002, creating an emergency that...
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