Pursuant to Resolution No. W-4094, Cal Water requested a memorandum 20 account in Advice Letter 1701 (filed February 2, 2005) to track MTBE Litigation costs and 21 proceeds recovered through MTBE Litigation. The MTBE Memorandum Account (MTBE 22 MA) was authorized with an effective date of August 15, 2005. 23 In 2008, Cal Water and other plaintiffs entered into a two-part settlement with 24 12 defendants (“MTBE Settlement”), with litigation still pending against three other 25 defendants. Under the first part of the Settlement, Cal Water received $49,716,872 for 14 Cal Water and American Water Works Company (California-American Water) were the only investor- owned utilities (IOU) in California to undertake legal action. Unlike in other states, neither the State of California (“State”) nor any State agency took legal action on behalf of water purveyors. MTBE costs were significant.
Appears in 2 contracts
Sources: Settlement Agreement, Settlement Agreement