City of White Rock finally closes water utility purchase deal
CBC News | Posted: October 23, 2017 9:32 PM | Last Updated: October 23, 2017
City announces $600K rebate after paying $14M to private company 2 years ago
The City of White Rock has negotiated a final price for the city's water utility, which it purchased from private provider EPCOR two years ago.
Today the city said that it would receive a $600,000 reimbursement from the Edmonton-based company, making the final purchase price $13.4 million.
White Rock bought the water utility from EPCOR Oct. 30, 2015, with an advance payment of $14 million.
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White Rock has been plagued with numerous water issues over the years, including high levels of naturally occurring manganese and arsenic, turbidity and E. coli contamination.
In a news release, the city says residents have been saving on their water bills since it took over the utility.