Conduit Financing: Avon Lake Regional Water Applies Unique Loan Program to Address Overflows

By Todd Danielson

“Honey, why is the cat wet?” That is not a phrase people want to hear because most cats do not willingly get wet. Those of us in the utility world especially don’t want to hear the cat got wet because it could mean someone’s basement backed up due to a sewer surcharge. Unfortunately, with the reality that many utilities have delayed reinvestment in their systems, compounded with changing weather patterns and more severe storms, basement backups and sewer overflows still occur.