Big Park Proposes Rate Hike Amid Potential Merger with Little Park
Deal News | Jul 11, 2025 | EIN
Big Park Water Company, which serves 75% of Village of Oak Creek residents, is seeking approval from the Arizona Corporation Commission (ACC) to merge with its subsidiary, Little Park Water, and to increase rates. The merger would create a single entity with new rates affecting approximately 3,342 customers. An average customer using 5,252 gallons per month could see a 23.5% to 24.32% increase in their bill, while larger users might face up to a 70% hike. Little Park Water users would see a smaller increase if the merger is approved. The rate hike aims to raise Big Park Water's annual revenue by approximately $535,414, addressing increased operating costs and inadequate returns. Public comments are being accepted by the ACC, which will hold a hearing on October 27.
Sectors
- Utilities
- Regulatory Affairs
Geography
- United States – The events revolve around water utility companies in Arizona, a state in the United States.
- Arizona – The article highlights activities of water companies operating in Arizona, specifically in the Village of Oak Creek.
Industry
- Utilities – The article involves utility companies, specifically water supply companies, seeking regulatory approval for rate changes and a merger.
- Regulatory Affairs – The article discusses interactions with the Arizona Corporation Commission, a regulatory body responsible for approving rates and mergers.
Financials
- $2,504,317 – Projected total annual revenues for Big Park Water including proposed rate increase.
- $535,414 – Proposed annual revenue increase Big Park Water is seeking.
- 23.5% to 24.32% – Proposed increase in water rates for average customers of Big Park Water.
- 27.92% – Proposed rate increase for Little Park customers if the merger does not occur.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Big Park Water Company | Target Company | Company | A water utility company serving the Village of Oak Creek, seeking a merger and rate increase. |
| Little Park Water Company | Subsidiary | Company | A subsidiary of Big Park Water, servicing a smaller customer base and involved in the proposed merger. |
| Arizona Corporation Commission (ACC) | Regulatory Body | Government | The regulatory authority responsible for approving utility rates and mergers in Arizona. |
| Nick Gudovic | Operations Manager | Person | Operations Manager at Big Park Water Company, involved in the company's application for rate changes and merger. |
| Mary Morris | Customer | Person | A customer of Big Park Water expressing concern over the proposed rate increase. |