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Update 5: SCC Staff Recommendation
On February 15, 2019, the State Corporation Commission (SCC) staff recommended approval of the proposed transfer of utility assets from Aqua Virginia, Inc. (Aqua) to the City of Chesapeake (City). Aqua and the City may present responses to the SCC staff report on or before March 1, 2019. After all comments and responses have been reviewed by the commission, they will either schedule a public hearing, disapprove the transfer, or approve the transfer.
Based on the comments that were received during the comment period, it is likely that the commission will approve the transfer. Once approved, the Closing of the sale between Aqua and the City shall take place within thirty-five (35) days.