Water Finance

Carollo expands financial management team

Carollo expands financial management team

February 15, 2024 at 1:30 pm 0 comments

North American water engineering and consulting firm Carollo Engineers has announced the expansion of its Financial Management Group with the appointment of a new associate vice president, Michael Van Antwerp, who will lead the firm’s Grants and Funding team.  Van Antwerp has more than 25Read More

Biden EPA expands wastewater services pilot to assist underserved communities

Biden EPA expands wastewater services pilot to assist underserved communities

February 15, 2024 at 12:13 pm 0 comments

The U.S. Environmental Protection Agency (EPA) has announced the expansion of its successful Closing America’s Wastewater Access Gap Community Initiative to 150 additional communities as part of President Biden’s Investing in America agenda. Originally launched in partnership with the U.S. Department of Agriculture (USDA), the initiative partnersRead More

Inflationary Pressures Ease for U.S. Water Utilities; Regulatory Policy Looms Large in 2024

Inflationary Pressures Ease for U.S. Water Utilities; Regulatory Policy Looms Large in 2024

February 12, 2024 at 7:35 am 0 comments

| By Audra Dickinson U.S. water utilities are entering a calmer environment in 2024 as the rate of inflation continues to level off, so much so that Fitch Ratings has moved its sector outlook to neutral from deteriorating. Much of the improved picture is drivenRead More

AWWA, AMWA question feasibility, cost of Lead and Copper Rule Improvements

AWWA, AMWA question feasibility, cost of Lead and Copper Rule Improvements

February 8, 2024 at 12:36 pm 0 comments

In recent public comments submitted on the proposed Lead and Copper Rule Improvements (LCRI) rule, the American Water Works Association (AWWA) reiterated its support for removing lead service lines across the country, but recommended “critical revisions” to make the rule feasible and affordable. “Over the last several decades, theRead More

Water Finance Conference coming to The Water Tower in 2024

Water Finance Conference coming to The Water Tower in 2024

February 5, 2024 at 7:05 am 0 comments

The Water Tower Global Innovation Hub in Buford, Georgia, will host 10th annual event for CFOs, finance professionals Aug. 6-7 The Water Finance Conference, a two-day educational seminar for water utility finance executives, will host its 2024 event Aug. 6-7 at The Water Tower Global InnovationRead More

PWSA gets $32 million in BIL funds to boost LSL program

PWSA gets $32 million in BIL funds to boost LSL program

January 29, 2024 at 6:15 am 0 comments

The Pittsburgh Water and Sewer Authority was awarded a $32.1 million funding package from the Pennsylvania Infrastructure Investment Authority (PENNVEST) to continue the aggressive removal of lead service lines throughout its drinking water system. The funding, provided by the Bipartisan Infrastructure Law (BIL), is splitRead More

Water, infrastructure groups show support for tax-exempt bond financing

Water, infrastructure groups show support for tax-exempt bond financing

January 29, 2024 at 5:45 am 0 comments

This month, the Government Finance Officers Association spearheaded a letter to Congress noting the value of maintaining access to tax-preferred infrastructure financing options. Water sector associations, the Association of Metropolitan Water Agencies (AMWA) and the National Association of Clean Water Agencies (NACWA), which represent utilityRead More

Maximizing the Financial Value of Advanced Metering Projects

Maximizing the Financial Value of Advanced Metering Projects

January 8, 2024 at 11:36 am 0 comments

As utilities think about deploying large-scale ad­vanced metering, considering the long-term costs associated with managing and main­taining the system are paramount to a successful project. Implementing an advanced metering program in-house can involve significant up-front capital, ongo­ing maintenance expenses and unexpected budget overruns. A metering-as-a-serviceRead More

Carolina Water Service acquires Carteret County Water System

Carolina Water Service acquires Carteret County Water System

January 5, 2024 at 1:57 pm 1 comment

In December, Carolina Water Service of North Carolina (CWSNC) and Carteret County, located on the North Carolina’s East Coast, closed on CWSNC’s acquisition of the Carteret County water system. CWSNC began its partnership with Carteret County in 2020 when CWSNC was the successful bidder forRead More

Funding gap for water sector remains despite federal assistance, Fitch says

Funding gap for water sector remains despite federal assistance, Fitch says

December 15, 2023 at 9:05 am 0 comments

Despite the significant infusion of funds from the American Rescue Plan Act (ARPA) and the Bipartisan Infrastructure Law (BIL), Fitch Ratings said it estimates a funding gap in excess of $85 billion over the next five years for water and sewer utilities that will needRead More