City Requests Hearing on Water-Firm Takeover
From Times Staff Reports
The city will ask the Public Utilities Commission to reconsider its approval last month of the takeover of the municipality’s largest water provider.
The parent company of California-American Water Co., which serves more than 20,000 households in Thousand Oaks, mostly west of Moorpark Road, received state approval Dec. 19 to proceed with a sale to a German corporation, RWE.
Officials fear reduced service and rate hikes for customers, who already pay one-third more than those served by a city-run water system.
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