Water Finance

San Diego’s Pure Water project gets $614 million WIFIA loan

San Diego’s Pure Water project gets $614 million WIFIA loan

December 3, 2018 at 6:00 am 0 comments

The U.S. Environmental Protection Agency (EPA) has issued a $614 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the City of San Diego, Calif., to help finance its Pure Water project. “This WIFIA loan will help San Diego construct a state-of-the-art water purification facility that will produce 30Read More

Fitch: Revenue continues to climb for U.S. water utilities

Fitch: Revenue continues to climb for U.S. water utilities

November 19, 2018 at 12:27 pm 0 comments

Growth in annual revenue accelerated for U.S. water utilities over the last year while leverage declined, according to Fitch Ratings in a new report. According to Fitch, revenue increased almost 5 percent in the current median cycle with most of the growth again coming from rate adjustments. However, revenues didRead More

Cal Water honored with NAWC awards

Cal Water honored with NAWC awards

November 12, 2018 at 1:47 pm 0 comments

The National Association of Water Companies (NAWC) has announced California Water Service (Cal Water) as the winner of two 2018 NAWC Management Innovation Awards. The company was recognized in October at the 2018 NAWC Water Summit in San Antonio, Texas. Two of Cal Water’s submissions – one for its large-scale treatmentRead More

Stantec to sell MWH Constructors

Stantec to sell MWH Constructors

November 12, 2018 at 10:50 am 0 comments

Global design firm Stantec on Oct. 19 announced it has signed an agreement for the sale of its construction division, MWH Constructors, to funds managed by Oaktree Capital Management, L.P (“Oaktree”). The sale of MWH Constructors is inclusive of MWH Constructors’ U.K. and U.S. divisions and Slayden Constructors Inc. MWH Constructors joined StantecRead More

The Outlook for Partnerships and Private Investment: Q&A with NAWC CEO

The Outlook for Partnerships and Private Investment: Q&A with NAWC CEO

November 9, 2018 at 1:03 pm 0 comments

EDITOR’S NOTE — In September, Water Finance & Management sat down with new president and CEO of the National Association of Water Companies (NAWC), Robert Powelson. Powelson officially joined NAWC in August 2018 after a year serving on the Federal Energy Regulatory Commission (FERC), to which he was confirmed inRead More

Countering the Affordability Challenge

Countering the Affordability Challenge

November 5, 2018 at 12:07 pm 0 comments

Great Lakes Water Authority’s WRAP Program Aims to Put Customers on a Path to Self-Sufficiency A widely-held viewpoint across the municipal water sector is that water distribution and sewage collection service is underpriced. Water and sewer authorities operate primarily with funding from rate increases but still fall severely short inRead More

Trump signs industry-backed, bipartisan water infrastructure bill

Trump signs industry-backed, bipartisan water infrastructure bill

October 24, 2018 at 11:00 am 0 comments

America’s Water Infrastructure Act of 2018 was signed into law by President Donald J. Trump on Tuesday. The U.S. water infrastructure sector is lauding it as an important step forward in the nation’s efforts to fund the renewal of aging water infrastructure. The measure moved on to the President’s deskRead More

Aqua America to acquire Peoples natural gas entities

Aqua America to acquire Peoples natural gas entities

October 23, 2018 at 12:16 pm 0 comments

Aqua America Inc., a regulated water and wastewater utility, has announced it will acquire Peoples in an all-cash transaction that reflects an enterprise value of $4.27 billion, which includes the assumption of approximately $1.3 billion of debt. Peoples consists of Peoples Natural Gas Company LLC, Peoples Gas Company LLC and DeltaRead More

NACWA, AMWA among supporters of new water affordability legislation

NACWA, AMWA among supporters of new water affordability legislation

October 23, 2018 at 6:30 am 0 comments

The National Association of Clean Water Agencies (NACWA) and the Association of Metropolitan Water Agencies (AMWA) have extended support for new legislation aimed at improving the affordability of water and wastewater service for low-income customers. Introduced led by Sens. Ben Cardin (D-Md.), Roger Wicker (R-Miss.) and Debbie Stabenow (D-Mich.), the Low-Income WaterRead More

Congress advances water infrastructure legislation

Congress advances water infrastructure legislation

October 18, 2018 at 10:43 am 0 comments

The Senate has passed America’s Water Infrastructure Act, a bill generally passed every two years and often referred to as the Water Resources and Development Act (WRDA). The legislation deals with funding a range of water infrastructure improvements. U.S. Sen. John Barrasso (R-Wyo.), chairman of the Senate Committee on EnvironmentRead More