10 / 11 / 2018
  - 12:35:09 PM
Milford Water Company Department of Public Utilities Hearing
  

 

By MyFM's Rick Michaels - The Department of Public Utilities will be holding an evidentiary hearing this morning, on a petition by the Milford Water Company asking for the authorization and approval, to enter into a seven million dollar non revolving line of credit. The Milford Water Company’s Board of Directors provided it’s consent, authorizing the proposed financing. The petition was filed with the D-P-U in late July. After the financing is in place the M-W-C will have a combined capitalization structure of almost 37 million dollars of which 64-percent would be long-term debt. The proceeds from the line of credit would be used to finance infrastructure, maintenance and improvements that are necessary, to provide service to it’s customers.

Contact Us

Phone: (508) 473-1490

Address: 258 Main Street
PO Box 421 Milford, MA 01757
Email: raywmrc@gmail.com

Public File

Advertise With Us

We offer an integrated, multi-platform program that combines the power and effectiveness of radio with the innovation and influence of the web.  Click HERE to learn more.