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PUC of Nevada grants petition to seek receiver for Rosemount Water Company
Summary
The commission granted staff's petition asking the commission to seek a court-appointed receiver for Rosemount Water Company after the utility's bankruptcy case ended and assets were abandoned; General Counsel will petition the court, the commission said.
The Public Utilities Commission of Nevada voted to grant Regulatory Operations staff's petition to seek a court-appointed receiver for Rosemount Water Company (docket 25-10031). Commissioner Cordova presented the petition, summarized prior proceedings and moved to grant the petition and issue the draft order; the motion carried.
Cordova told the commission that Rosemount had filed for bankruptcy and that the bankruptcy court completed its case with all of the utility's assets abandoned; the Nevada Department of Environmental Protection appeared at prior hearings. "I move that we grant the petition as filed and issue the order before you," Commissioner Cordova said when moving the action. Chair Hailey Williamson seconded the motion and the commissioners voted in favor. The draft order directs the commission's General Counsel to petition the court to appoint a receiver and to seek any other relief related to receivership proceedings.
The action was presented as a response to the completed bankruptcy and the abandonment of assets; the commission did not debate alternative remedies in the transcript. The next procedural step stated on the record is for General Counsel to petition the appropriate court as authorized by the commission's order.
