Saturday, August 14, 2010
West Liberty Buys Elam Utility
KENTUCKY...
The Kentucky Public Service Commission (PSC) today approved the purchase of Elam Utility Co. by the city of West Liberty. The purchase by the city averts a threatened cutoff of gas service to Elam’s 410 customers in Morgan County. Those customers include a state prison, a nursing home, several businesses and hundreds of residences. Under the terms of the transfer, West Liberty will assume Elam’s disclosed debts in exchange for the company’s assets. Elam’s largest creditor is Columbia Gas Transmission Co., which had planned to discontinue service to Elam last month because of the unpaid debt for natural gas owed to the pipeline company.
The Kentucky Public Service Commission (PSC) today approved the purchase of Elam Utility Co. by the city of West Liberty. The purchase by the city averts a threatened cutoff of gas service to Elam’s 410 customers in Morgan County. Those customers include a state prison, a nursing home, several businesses and hundreds of residences. Under the terms of the transfer, West Liberty will assume Elam’s disclosed debts in exchange for the company’s assets. Elam’s largest creditor is Columbia Gas Transmission Co., which had planned to discontinue service to Elam last month because of the unpaid debt for natural gas owed to the pipeline company.
# posted by Homer Owens @ 9:00 PM 
