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Question: What "rights" are the current negotiations purchasing?
Response: Aqua would sell all of its utility assets and modify its service territory to exclude the City of Chesapeake, which would give the City the right to provide water service in Aqua’s former territory. The purchase will involve utility assets including, but not limited to, fee simple parcels, easements, leases, groundwater wells, a water treatment and distribution system, service lines (except for customer service lines that are located on the customers’ side of Aqua’s meters), plants, equipment, and all other facilities that are utilized for the production, transmission, distribution, operation, and maintenance of the Indian River Water System. It does not include tools, rolling stock, and cash and accounts receivable up to the date of the closing.