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PURA panel probes Hazardville Water’s rent allocation and pro forma revenue math
Summary
Commissioners questioned the company’s rent-allocation methods and a pro forma revenue discrepancy; the company said the split is in the record and offered to file a citation, while staff agreed a Ry Hill line was double-counted in the authority’s pro forma table.
PURA commissioners pressed Hazardville Water Company on how it allocated building rent between office and warehouse space, and on a pro forma revenue calculation that produced a roughly $35,000–$37,000 delta.
Members noted that applying the Massachusetts (mass) allocation formula and the company’s chosen usage percentages produced different dollar results. A commissioner flagged the discrepancy between…
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