FOR IMMEDIATE RELEASE -- January 14, 2021
Contact: Kevin Kelly (573) 751-9300
PSC Approves Agreement Authorizing Confluence Rivers
to Purchase the Assets of Terre Du Lac Utilities Corporation
JEFFERSON CITY---The Missouri Public Service Commission has approved an agreement which authorizes Confluence Rivers Utility Operating Company, Inc. (Confluence Rivers) to purchase substantially all of the water and sewer assets of Terre Du Lac Utilities Corporation (Terre Du Lac).
The agreement approved by the Commission was submitted by Confluence Rivers, Terre Du Lac, the Staff of the Missouri Public Service Commission and the Office of the Public Counsel. The Office of the Public Counsel is a separate state agency that represents the general public in matters before the Public Service Commission.
The Commission has also granted Confluence Rivers certificates of convenience and necessity (CCNs) authorizing it to own, operate, manage and maintain the water and sewer systems it proposed to acquire from Terre Du Lac.
The Commission granted the CCNs determining: 1) There is a need for the services; 2) Confluence Rivers is qualified to provide the proposed services; 3) Confluence Rivers has the financial ability to provide the services; 4) Confluence Rivers’ proposal is economically feasible; and 5) The services promote the public interest.
“The Commission finds Confluence’s acquisition of the Terre Du Lac water and sewer assets is not detrimental to the public interest and will grant Confluence’s request for authority to acquire those assets and systems and Terre Du Lac authority to transfer them to Confluence,” said the Commission. “The Commission finds that granting Confluence CCNs is necessary or convenient for the public service and will grant Confluence CCNs for the Terre Du Lac service area, subject to the conditions and actions outlined in Staff’s Recommendation as modified in the stipulation.”
Under the agreement, Confluence Rivers will provide water and sewer service under Terre Du Lac’s existing water and sewer rates.
Terre Du Lac Utilities Corporation serves approximately 1,302 water and sewer customers in St. Francois and Washington counties.