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OPUC Fourth Request for Information to Aqua Texas
OPUC is asking the company to go beyond generalities and provide transaction-level data for each asset—everything from the asset’s name and location to its original cost, depreciation schedule, and how it was acquired. The goal is to understand not just what Aqua owns, but how those assets were valued and whether those valuations are fair to ratepayers.
The RFI also dives into Aqua’s system acquisitions since the last rate case. For each acquisition, OPUC wants to see the purchase agreements, a breakdown of the assets involved, and the valuation methods used. This includes a special focus on acquisitions like Texas American, where engineering and financial studies may have influenced asset pricing. Aqua is expected to submit those studies and explain the rationale behind the numbers.
Beyond asset details, the request demands a full accounting of costs. Aqua must disclose direct expenses, labor, overheads, and any financial charges incurred during construction—such as the Allowance for Funds Used During Construction (AFUDC). Each figure must be backed by documentation, and any new information that emerges before the hearing must be promptly shared.