Dilworth’s Thomas Wyatt will be a panelist at the Mid-Atlantic Conference of Regulatory Utilities Commissioners’ 23rd Annual Education Conference (MACRUC) on Tuesday, June 26. Tom’s session, “Is the Glass Half Full or Half Empty? Valuing Municipal Water Acquisitions,” will run from 10:15 – 11:15 AM.
When municipally-owed water utilities face increasingly stringent water standards, depreciated systems requiring significant capital investment, and financial distress, they have the choice of raising rates or selling. Original cost is often insufficient to fairly compensate the municipality for the value of its system. Fully depreciated assets and contributions may be far less than the fair market value which makes the sale by the municipality unattractive to an investor owned utility; a higher price is needed to close the deal. Attendees will learn how the value of water systems is calculated, and what this means for consumers.
The conference will be held at The Hotel Hershey, 100 Hotel Road, Hershey, Pennsylvania. For more information and to register, click here.