California American Water Appeals Superior Court Decision To Vacate Monterey County LAFCO
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California American Water, a subsidiary of American Water Works Company, Inc. (AWK), has appealed a Superior Court decision to vacate a Monterey County Local Agency Formation Commission (LAFCO) approval. LAFCO has also filed a similar appeal.
February 12, 2024 | 7:30 pm
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American Water Works Company, Inc. (AWK) faces a legal challenge as its subsidiary, California American Water, appeals a court decision against Monterey County LAFCO approval.
The appeal indicates ongoing legal challenges for AWK's subsidiary, which could lead to uncertainties and potential delays in operations or projects within Monterey County. Such legal and regulatory hurdles often result in negative sentiment among investors, potentially impacting AWK's stock price in the short term.
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