The Missouri Public Service Commission regulates investor-owned electric, steam, natural gas, water and sewer and telephone companies. Its mission is to ensure Missouri consumers have access to safe, reliable and reasonably priced utility service while allowing those utility companies under our jurisdiction an opportunity to earn a reasonable return on their investment. The PSC also regulates manufacturers and retail dealers who sell new and used manufactured homes and modular units. The commission was established in 1913. The PSC is comprised of five commissioners, who are appointed by the governor.
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PR-08-120 -- PSC Approves Sale Of Water System Assets
Contact: Kevin Kelly (573) 751-9300
FOR IMMEDIATE RELEASE -- FEBRUARY 29, 2008
JEFFERSON CITY—The Missouri Public Service Commission has approved a joint application filed by Kimberling Investments, Inc. and Christian Associates of Table Rock Lake (Christian Associates) authorizing the sale of the water distribution system assets of Kimberling Investments to Christian Associates.
According to the application, Christian Associates intends to use the entire property as an emergency shelter and special needs shelter for families and victims of domestic violence. Christian Associates represents that it will using the property solely for its own purposes and will not be acting as a public water utility. Upon the completion of the transaction, Kimberling Associates intends to discontinue providing public water services in the certificated area.
On February 22, 2008, the staff of the Public Service Commission filed its recommendation in this case. In that filing, staff recommended the transaction be approved. The Office of the Public Counsel, a state agency which represents the general public before the PSC, filed a response on February 25, 2008, stating that it had no objections to the staff recommendation.
The commission, after considering information filed in this case, has determined the transaction will not be detrimental to the public interest and should be approved.
Kimberling Investments Inc. Water Company supplies water to approximately five customers at a resort known as the Kimberling Suites.
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