Statement by Rick Durham, President, Tega Cay Water Service, Inc.

We are pleased that the City of Tega Cay has passed the resolution to move forward on the purchase of the Tega Cay Water Service, Inc. (TCWS) system.  I want to emphasize that it is just the first step, however.  This is a complex process involving substantial negotiations, with multiple parties, in a compressed timeframe to allow the deal to be completed as the City Manager has indicated.  We are prepared to do everything necessary to get over the hurdles that remain for the sale to come to fruition. Again, this is just the first step - but obviously a critical one - and we look forward to moving this ahead and supporting the Mayor and the Council in their decision.

This development does not change our focus, however, which remains on our ongoing efforts toward resolving the problems of sanitary sewer overflows in the system and continuing to meet our obligations under the terms of the DHEC Consent Order. 

Importantly, we are making progress as evidenced by the successful completion of our storage tank construction which was put into immediate use during the rain events earlier this week.  I am happy to report that there were no overflows and no ‘pump and haul’ operations required as a direct result.