Ladysmith Water Company
Ordered to Pay Partial Amount

On March 2, 2010, the State Corporation Commission ordered the Ladysmith Water Company to make a partial payment of $75,000 to Caroline County for water service that the County provided to the Company to serve the residents of the Lake Caroline community. The County has been providing water to the Company since April 2009, however, it has not been paid since September, 2009. The County issued a termination of service notice to the Company on February 22, 2010, after continued late notices remained unpaid.

The Commission order directs that the Company’s payment must be made no later than 4:00 p.m. on Wednesday, March 3, 2010. If the payment is not made, the County has agreed to a request by the Commission to continue to provide water to the Company for an additional 24-hours so that the Commission may have time to take further action. The Commission order did not address payment of the remaining past due amount. The Company disputes a portion of the balance owed to the County, including late penalties assessed by the County. The County is hopeful that it will be able to resolve the remaining payment issues with the Company, and anticipates receiving timely payments from the Company for water service in the future.