Water Finance

Senators introduce bill to restore tax treatment of CIAC to regulated water utilities

Senators introduce bill to restore tax treatment of CIAC to regulated water utilities

December 9, 2019 at 11:09 am 0 comments

The National Association of Water Companies applauded a bill (S. 2942) introduced last week by U.S. Sens. Jeanne Shaheen (D-N.H.) and Lisa Murkowski (R-Alaska) that would amend the Internal Revenue Code of 1986 to provide that certain contributions are treated as non-taxable contributions to capital. The legislation aims to prevent taxation of Contributions inRead More

Water Systems Council releases financial planning resources for rural projects

Water Systems Council releases financial planning resources for rural projects

December 6, 2019 at 4:31 pm 0 comments

The Water Systems Council (WSC), a national nonprofit organization focused on household wells and water well systems, has launched a comprehensive online guide to financial and planning resources for rural community drinking water infrastructure projects: waterprojectfunds.com. The new website follows the recent WSC-championed Water Supply Cost Savings Act, which requires thatRead More

US Water Alliance releases report on U.S. water access challenges

US Water Alliance releases report on U.S. water access challenges

November 25, 2019 at 9:24 am 0 comments

The US Water Alliance has released a new report in partnership with DigDeep and Michigan State University focusing on water access, titled Closing the Water Access Gap in the United States: A National Action Plan. Over the last three years, the US Water Alliance has been working to understand howRead More

Liberty Utilities Co. to acquire American Water’s New York operations

Liberty Utilities Co. to acquire American Water’s New York operations

November 22, 2019 at 10:41 am 0 comments

Algonquin Power & Utilities Corp. has announced that Liberty Utilities Co., Algonquin’s regulated utility operating subsidiary, has entered into a stock purchase agreement with American Water Works Company, Inc. to purchase American Water’s regulated operations in the State of New York for $608 million (U.S.), subject to customary adjustments. Headquartered inRead More

Hollywood film shines light on water quality, PFOA

Hollywood film shines light on water quality, PFOA

November 20, 2019 at 12:41 pm 0 comments

The National Association of Water Companies, which represents regulated water and wastewater companies in the United States, praised a Hollywood film for raising awareness about the importance of water quality and the dangers of PFAS/PFOA contamination in drinking water. The film, “Dark Waters,” now in theaters, tells the story ofRead More

Report: $234 billion in spending expected over next decade for municipal pipe networks

Report: $234 billion in spending expected over next decade for municipal pipe networks

November 14, 2019 at 11:33 am 0 comments

More than $234 billion of capital expenditures (CAPEX) are expected over the next 10 years to address aging municipal water and wastewater pipe network infrastructure, according to a new forecast from Bluefield Research. Precipitated by decades of underinvestment, municipal utilities are under increasing pressure to address deteriorating linear assets atRead More

SUEZ secures $78 million contract with Connecticut wastewater utility

SUEZ secures $78 million contract with Connecticut wastewater utility

November 13, 2019 at 11:25 am 0 comments

The City of Norwalk, Connecticut, has awarded SUEZ a $78 million contract for the operation and maintenance of its wastewater system. The partnership, which includes the management of an 18 MGD conventional wastewater treatment facility, 210 miles of sanitary sewers and 25 pump stations, will be part of the city’sRead More

American Water, CEO Story honored by Women’s Forum of New York

American Water, CEO Story honored by Women’s Forum of New York

November 11, 2019 at 10:51 am 0 comments

American Water and its CEO Susan Story were recognized as the Muriel F. Siebert Award winner by the Women’s Forum of New York at the 2019 Breakfast of Corporate Champions held on Nov. 7 in New York City. “We are honored to be recognized by the Women’s Forum of New YorkRead More

American Water launches new customer service portal

American Water launches new customer service portal

November 4, 2019 at 10:52 am 0 comments

American Water recently announced it has completed the launch of a new customer service portal called My Account for all of its regulated water and wastewater customers across its service territories. According to American Water, customers are now able to more easily access their accounts through the newly developed, mobile-friendly accountRead More

Middlesex Water Company begins $70 million plant upgrade

Middlesex Water Company begins $70 million plant upgrade

November 4, 2019 at 10:26 am 0 comments

Middlesex Water Company, a provider of water and wastewater and related services primarily in New Jersey and Delaware, announced it has begun construction of a new ozone treatment facility and various other upgrades at its Carl J. Olsen Treatment Plant in Edison, New Jersey. Project partners include Northeast Remsco ConstructionRead More