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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 20, 1997
Southwest Water Company
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-8176 95-1840947
(Commission File Number) (I.R.S. Employer Identification No.)
225 N. Barranca Avenue, Suite 200, West Covina, California 91791-1605
(Address of principal executive offices)
Registrant's telephone number, including area code: (818) 915-1551
Not applicable
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
The following information was released by PR Newswire on February 21, 1997:
Southwest Water Company has been approached by the City of Albuquerque, New
Mexico, concerning the sale of the utility operations of its subsidiary, New
Mexico Utilities, Inc. ("NMUI"). NMUI operates in the northwest portion of the
City and surrounding county, serving approximately 5,000 customers. The current
expression of interest by the City is a continuation of intermittent discussions
held over a number of years as the City has expanded its borders. This most
recent approach by the City is apparently the result of overall growth in
NMUI's service area and the utility's recent request for additional water
rights.
While formal discussions with the City have been scheduled to begin within the
next 30 days, there is no certainty that an agreement with the City will be
reached. The City has the power to acquire these utility assets by eminent
domain but must pay fair value if it elects to proceed with a condemnation. At
this time, Southwest Water is unable to predict whether an agreement for sale of
NMUI's assets is likely or, if an agreement were reached, the price for the
assets. Southwest Water Company is also unable to predict whether, if an
agreement is not reached with the City, the City will proceed in eminent domain
to acquire the utility assets of NMUI.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SOUTHWEST WATER COMPANY
(Registrant)
By: /s/ Peter J. Moerbeek
Dated: February 24, 1997 --------------------------
PETER J. MOERBEEK
Vice President Finance and
Chief Financial Officer
