Two Major Developments For KY American Water

There were two major developments on Wednesday regarding the company that supplies water to Lexington.

The public service commission will issue a decision Friday about whether Kentucky American Water can build a treatment plant in Owen County and a pipeline that would connect it to Lexington.

Kentucky American wants to build the intake downstream along the Kentucky River to supplement the local water supply.

Meanwhile, American Water was being publicly traded on Wall Street for the first time on Wednesday.

The stock was first offered at $21.50 a share and hung around the 20 dollar mark most of the morning.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Wow Location: Richmond on Apr 23, 2008 at 03:46 PM
    Publicly traded water. Man this country just gets more and more incorporated and less helpful. Berea bought their city water and now the price is doubled. Now we have all our water to be traded like gas or energy. We all know how great places liek enron and the oil companies run things. Everybody start diggin wells now.
  • by Fred Location: Lexington on Apr 23, 2008 at 10:57 AM
    Let 'er rip! I'm tired of "water shortages".


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