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Applicants describe shared services and laboratory arrangements; cost-allocation rules still unresolved
Summary
Company witnesses said RWA provides laboratory services to Aquarion and that noncore commercial businesses produce revenue that flows to construction or growth funds; parties asked for written cost-allocation policies and contracts.
Witnesses described existing and planned arrangements for shared services, commercial laboratory operations and noncore businesses. Those arrangements were raised repeatedly to understand how costs, revenues and potential cross-subsidies would be allocated after the transaction.
Why it matters: Shared services and commercial activities (laboratory testing, PipeSafe/Homeowner Safety Valve, other noncore offerings) generate net revenues and create cross-entity interactions that regulators must evaluate for…
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