And while the financial side is one thing, what about the regulatory side? There's been nothing heard from the PUC.
A spokesperson from the Public Utilities Commission told us that they have received the application of intent of the acquisition, but that it is under review.
Here's what the BTL Chairman said about it:
Mark Lizaragga, Chairman - BTL Board
"Granted, you're talking, what we're proposing falls under the remit of the PUC and we have had conversations with the PUC telling them why we're proposing to do what it is that we're proposing to do. Granted, we have our own interests and why we're doing it because we have a duty to the company and the performance of the company and the shareholders as well as the employees as well as the consumers who are our owners as well. So we have to take care of everybody. Now, the PUC has concerns and I'll tell you one of the concerns they have is that the legislation is not current for the monopoly situation, if that's what you want to call it."
