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Final Arguments in Water Company Purchase Filed with DPU

Lawyers for the Town of Milford and the privately held Milford Water Company have filed their written arguments with the state Department of Public Utilities (DPU) to convince that state regulatory agency what the value of the utility's assets should be. The initial briefs were filed on July 12, with responses due on August 2.

In its 67-page legal argument, the Milford Water Company argues the fair market value of its assets is $149 million. The town, in its 74-page brief, argues the utility is worth $40 million. The two sides used different appraisal and accounting methodologies to arrive at their respective conclusions.

According to the Board of Selectmen, the DPU is expected to make a determination on the price by the end of the 2019 calendar year.




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