Company trying to buy Alpine Utilities
March 10, 2011
A Texas company says it is trying to buy Alpine Utilities Inc. and repair the spill-prone wastewater system, which has suffered a series of sewage leaks along the Saluda River the past three years.
Ni America Capital Management LLC, through a South Carolina subsidiary, has an agreement to purchase Alpine for $1.5 million, state records show. The company says that if the sale is approved, Ni will upgrade Alpine to prevent spills that are occurring at the nearly 50-year-old utility.
Ni officials said Wednesday that Alpine "appears to have a record of excessive wastewater spills and reporting problems in recent years." Read the full article