Water Finance

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Power of the P3: Buffalo, Veolia Partnership Results in System Efficiency

October 22, 2020 at 8:45 am 0 comments

By Keith Oldewurtel In the United States, water and wastewater utilities are managing many challenges, with the EPA estimating that addressing the nation’s water infrastructure needs will cost hundreds of billions of dollars over the next several decades. Faced with increasing water quality initiatives, limited financing and an often-aging assetRead More

Resetting the Mission for WIFIA

Resetting the Mission for WIFIA

October 19, 2020 at 9:43 am 0 comments

By John Ryan The WIFIA Loan Program recently announced that it has reset the interest rates on two undrawn loan commitments originally made in mid-2018. The fixed rate on a $135 million loan to Orange County Water District and a $614 million loan to San Diego Public Facilities Financing AuthorityRead More

Michigan governor announces $500 million investment in water infrastructure

Michigan governor announces $500 million investment in water infrastructure

October 12, 2020 at 9:37 am 0 comments

Michigan Gov. Gretchen Whitmer, along with bipartisan and bicameral partners, recently announced MI Clean Water, a $500 million comprehensive water infrastructure investment in Michigan’s water systems from source to tap. The MI Clean Water plan, the state says, marks a significant investment after decades of underinvestment in Michigan’s infrastructure. “Since the first day I tookRead More

World’s largest water reuse facility gets CWSRF loan 

World’s largest water reuse facility gets CWSRF loan 

October 12, 2020 at 6:45 am 0 comments

The Orange County Water District received a low-interest loan from the Clean Water State Revolving Fund (CWSRF) that will save ratepayers an estimated $1.4 million dollars annually over the life of the 30-year loan. The up to $181 million loan was granted for use toward financing the construction of theRead More

NACWA applauds utility aid in new relief package

NACWA applauds utility aid in new relief package

October 5, 2020 at 8:16 am 0 comments

Last week, the U.S. House of Representatives passed a pared-down version of the HEROES Act, the chamber’s previous COVID-19 relief package. The legislation contains $1.5 billion in aid to water and sewer utilities to help low-income ratepayers during the pandemic. The new version of the HEROES bill stripped $1.2 trillion in totalRead More

WF&M Conversations: Talking rate setting, rate maintenance and communication with Waterworth’s JP Joly

WF&M Conversations: Talking rate setting, rate maintenance and communication with Waterworth’s JP Joly

September 29, 2020 at 9:45 am 0 comments

While water and wastewater utilities are frequently tasked with a meeting multitude of operational standards, they also regularly tackle financial challenges that can have enormous economic ramifications to the public. With this in mind, how often should utilities look to raise rates? Can annual rate maintenance be done in a moreRead More

WIFIA: Examining Synergies with the Muni Bond Market

WIFIA: Examining Synergies with the Muni Bond Market

September 25, 2020 at 3:37 pm 0 comments

Economic gains are possible when investors with different strengths and preferences are combined in a single financing. It’s happening at the WIFIA loan program. By John Ryan The WIFIA loan program makes long-term loans for qualified projects at the U.S. Treasury’s interest rate. Since debt capital markets start with thisRead More

EPA announces new WIFIA loans totaling more than $415 million

EPA announces new WIFIA loans totaling more than $415 million

September 21, 2020 at 9:36 am 0 comments

The U.S. Environmental Protection Agency (EPA) announced two new Water Infrastructure Finance and Innovation Act (WIFIA) loans at events in Oceanside, Calif. and Salt Lake City, Utah. EPA’s 27th and 28th WIFIA loans will provide more than $415 million to help the local communities finance important water infrastructure projects—supporting anRead More

Water associations react to EPA’s affordability guidance update

Water associations react to EPA’s affordability guidance update

September 15, 2020 at 3:00 pm 0 comments

The American Water Works Association (AWWA), the National Association of Clean Water Agencies (NACWA), and the Water Environment Federation (WEF) are applauding the U.S. Environmental Protection Agency (EPA) for the pre-publication release of its proposed 2020 Financial Capability Assessment (FCA). The new document will aid water sector utilities and theirRead More

Orange County saves ratepayers money with WIFIA loan update

Orange County saves ratepayers money with WIFIA loan update

September 8, 2020 at 10:45 am 0 comments

Joined by leadership from the Orange County Water District (OCWD; Water District) and Orange County Sanitation District (OCSD; Sanitation District), U.S Environmental Protection Agency (EPA) Administrator Andrew Wheeler recently toured the Groundwater Replenishment System (GWRS), where he announced a joint effort that will save ratepayers $79.4 million. Officials from EPARead More