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The acquisition of Kentucky-American is part of RWE's $7.6 billioj purchase of Voorhees, N.J.-based American Water Workse Co. (NYSE: AWK), Kentucky-American's The Kentucky has placed 56 conditions on its approvapl ofthe acquisition, according to a news • Kentucky-American may not file for any rate increasee before March 16, 2004; customer service will be maintained at current or improve levels, with regular reports made to the PSC on service • no reductions will be made in Kentucky-American's work force for at least two years, other than planne reductions predating the • Kentucky-American's charitable giving and othet community service activities will remainn at levels comparable to those preceding the Kentucky American serves about 100,000 residential, commercialo and industrial customers in Fayette and six othedr counties in Kentucky.
Thames Wate r has seven days to accept the conditions listecd bythe PSC, the release said. RWE AG, based in Essen, is one of Germany's largest utility companies.
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