State ex rel. Utilities Commission v. Buck Island, Inc.

MARTIN, Judge.

Appellant Buck Island, Inc. (“Buck Island”), successor in interest to Ship’s Watch, Inc., and Monteray Shores, Inc. (“Monteray Shores”), developers of residential and commercial developments known as Buck Island and Monteray Shores, near Corolla, North Carolina, constructed and installed a water and sewage system to jointly serve their developments. In 1988, Buck Island and Monteray Shores entered into a Utility System Operating Agreement (“USOA”) with Carolina Water Service, Inc. of North Carolina (“CWS”) giving CWS title to the water mains and lines while retaining ownership…