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Council backs proceeding with CCN sale to National Utility Infrastructure and authorizing May election
Summary
Council heard staff's recommendation to transfer portions of Georgetown's out‑of‑city water CCN to National Utility Infrastructure (owned by Bernard Capital Partners). Staff recommended NUI based on operational and regulatory experience; council supported authorizing the May 2 election required by state law to approve the transfer.
City staff recommended that Georgetown proceed with a negotiated sale of portions of its water Certificate of Convenience and Necessity (CCN) that lie outside the city limits to National Utility Infrastructure (NUI), an acquisition target of Bernard Capital Partners, and asked council to authorize a voter election in May.
Caroline Stewart, Strategic Projects Manager, told council the city's service territory grew substantially after the Chisholm Veal acquisition and now includes customers in multiple counties. Staff said the increased out‑of‑city…
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