Water Co. Leaves $404M Calif. Desalination Project Team

Law360, New York (January 17, 2012, 10:07 PM EST) -- California-American Water Co. on Tuesday withdrew its support for a desalination project alliance on which it had partnered with the Marina Coast Water District and the Monterey County Water Resources Agency, putting the proposed $404 million Monterey Bay, Calif.-based venture at risk.

The subsidiary of Voorhees, N.J.-based American Water said the approved desalination facility that was to be built through the three-way partnership had stalled due to investigations over conflicts of interest and opposition from public stakeholders. But along with its withdrawal of support for the...
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