Merger of FPUD and RMWD

In the Spring of 2013 our two local water companies, RMWD and FPUD, entered into a one-year trial merger, during which the temporarily merged company not only successfully delivered water to all its customers, they did so at a savings of $1,000,000!

Despite this successful trial, RMWD chose to exit the merger, whereupon FPUD initiated a unilateral action to take over RMWD. The only reason given by Rainbow’s directors for exiting the merger and opposing the takeover was “the rights of their voters” to select one director from each of their five divisions, rather than “at-large,” as is done at F...