27.02.2024 04:35:40 - dpa-AFX: California American Water Seeks Dismissal Of Condemnation Suit

WASHINGTON (dpa-AFX) - California American Water said it filed a motion
asking the Monterey County Superior Court to dismiss the Monterey Peninsula
Water Management District's lawsuit seeking a government takeover of the
company's Monterey Peninsula water system through eminent domain.

The motion argued that the District's lawsuit fails to meet fundamental legal
requirements necessary to proceed with such a significant action and should be
dismissed. The motion is scheduled for a hearing by the court on April 26, 2024.

'The condemnation suit is going to waste millions of dollars in legal fees
negatively impacting our residents, and we believe the District has neither the
legal standing nor technical expertise to provide retail water service on the
Monterey Peninsula,' said Evan Jacobs, Senior Director of External Affairs for
California American Water.

California American Water asserts that the District's lawsuit improperly seeks
to take property outside the boundaries of the District's territory.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AMERICAN WATER WKS DL-,01 A0NJ38 Frankfurt 122,450 08.05.24 16:11:59 +1,000 +0,82% 0,000 0,000 122,200 122,450

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