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NAWC NewsFlow
January 13, 2009
     
  State Regulatory Relations  
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Larocca

New York Confirms New Commissioner

James L. Larocca was confirmed as a Commissioner of the New York State Public Service Commission on December 15, 2008. His term runs through February 1, 2012. He previously served as chairman and trustee of the Long Island Power Authority.

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Arizona Names New Chairman

On January 6, members of the Arizona Corporation Commission voted to name Commissioner Kris Mayes as chairman. Chairman Mayes has served on the Commission since 2003. She replaces Chairman Mike Gleason, whose term ended in December 2008.

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Neal, Kerry Introduce Measures to Exempt PABs from AMT

Senator John Kerry (D-Mass.) has introduced NAWC-supported legislation that would exempt all categories of private-activity bonds from the alternative minimum tax (AMT) and Rep. Richard Neal (D-Mass.) is expected to re-introduce a companion bill. Both men sit on the respective tax writing committees with jurisdiction over this piece of legislation.

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Economic Stimulus Legislation On Fast Track

For months now, Congress and the president-elect have been talking about the need to increase government spending to stimulate the staggering economy. The projections for the cost of such a stimulus plan, also being referred to as the American Recovery and Reinvestment Plan, range from $700 billion to more than $1 trillion. The prospect for massive spending has thrown Washington into a frenzy as everyone scrambles to get a piece of the pie.

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Aqua America PA Subsidiary Acquires Emlenton Water Company

Aqua America, Inc. announced that its Pennsylvania subsidiary, Aqua Pennsylvania, Inc., has completed the acquisition of the Emlenton Water Company, which serves approximately 1,200 people in portions of Emlenton Borough and Richland Township, Venango County and Richland Township, Clarion County in western Pennsylvania in a transaction valued at $475,000.

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