GWR Global Water Resources (T.GWR) secures rate case ROO – gains 10%

global waterBy Gaalen Engen | Stockhouse.com

GWR Global Water Resources (TSX:GWR, StockForum), a Phoenix Arizona-based provider of resource management services and owner/operator of water, waste water and recycled water utilities, announced today that the company had been given the Recommend Opinion and Order (“ROO”) from the Arizona Corporation Commission (“ACC”) Administrative Law Judge (“ALJ”) regarding a rate case involving seven Global Water regulated utility subsidiaries.

 Receiving the ROO is considered the last hurdle before Global can submit the rate case to ACC Commissioners who must give the final stamp of approval before any settlement may go into effect.

 The arrangement exists between the company, ACC staff, the Residential Utility Consumers Office (“RUCO”), the City of Maricopa and any others named in the August 13, 2013 announcement.

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