SouthWest Water Company receives $60M in settlement of wastewater treatment dispute

May 11, 2009
SouthWest Water Company has received $60 million from the Albuquerque Bernalillo County Water Utility Authority in settlement of eminent domain proceedings involving the company's subsidiary, New Mexico Utilities Inc...

LOS ANGELES, CA, May 11, 2009 -- SouthWest Water Company, a leading provider of water, wastewater and public works services, announced that it received $60 million from the Albuquerque Bernalillo County Water Utility Authority in settlement of eminent domain proceedings involving the company's subsidiary, New Mexico Utilities Inc.

The settlement resolves all legal issues between the two parties, including the dispute over the sewer fee charged to New Mexico Utilities for the treatment of wastewater. As part of the settlement, $7 million was paid to the Water Utility Authority at the time of closing to resolve the sewer fee issue, for which SouthWest Water had established a reserve. SouthWest Water used the remaining proceeds to retire debt of approximately $12 million and to pay down its credit facility.

SouthWest Water Company provides a broad range of operations, maintenance and management services, including water production, treatment and distribution; wastewater collection and treatment and customer service. The company owns regulated public utilities and also serves cities, utility districts and private companies under contract. More than a million people in 9 states depend on SouthWest Water for high-quality, reliable service.

###

Sponsored Recommendations

ArmorBlock 5000: Boost Automation Efficiency

April 25, 2024
Discover the transformative benefits of leveraging a scalable On-Machine I/O to improve flexibility, enhance reliability and streamline operations.

Rising Cyber Threats and the Impact on Risk and Resiliency Operations

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

State of Smart Manufacturing Report Series

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track