Water Finance

Fitch: Challenges Ahead for Utilities, But Not Enough to Weaken Ratings

Fitch: Challenges Ahead for Utilities, But Not Enough to Weaken Ratings

December 22, 2021 at 6:00 am 0 comments

By Doug Scott U.S. water and sewer utilities will see some weakening in their financial profiles over the next several months, effectively reversing a trend of steadily declining leverage in recent years as utilities limited the rate of debt growth and posted robust operating margins. Part of the reason forRead More

Thinking Regionally, Thinking Big: Ted Henifin, 2021 WF&M Award Winner

Thinking Regionally, Thinking Big: Ted Henifin, 2021 WF&M Award Winner

December 13, 2021 at 10:16 am 1 comment

When you think about examples of great innovation, it’s easy to think about things like modern technology. The smart phone. Steve Jobs. A bold vision to change the status quo with a groundbreaking product or service. In the water/wastewater utility sector, that same kind of long-term, innovative vision for groundbreakingRead More

EPA invites 39 new projects to apply for WIFIA loans

EPA invites 39 new projects to apply for WIFIA loans

December 10, 2021 at 2:29 pm 0 comments

The U.S. Environmental Protection Agency (EPA) announced that 39 new projects are being invited to apply for Water Infrastructure Finance and Innovation Act (WIFIA) loans and four projects are being added to a waitlist. The agency anticipates that, as funds become available, $6.7 billion in WIFIA loans will help financeRead More

WATCH: How Technology and A.I. are Fueling the Role of Water Utilities in Creating Smart Cities

WATCH: How Technology and A.I. are Fueling the Role of Water Utilities in Creating Smart Cities

December 1, 2021 at 8:00 am 0 comments

In this new edition of Water Finance & Management Conversations, Kenji Takeuchi, senior vice president of technology solutions, joins WF&M to discuss aging infrastructure, the advancement of machine learning technology and the role of water systems in creating smart cities. We discuss how technology being developed for water utility managementRead More

House passes Build Back Better Act with additional water provisions

House passes Build Back Better Act with additional water provisions

November 22, 2021 at 9:23 am 0 comments

In November, the U.S. House of Representatives narrowly passed a $1.75 trillion social spending bill that, according to the Association of Metropolitan Water Agencies (AMWA), includes more than $10 billion for several water-related priorities. These funds would come in addition to the nearly $50 billion in new drinking water and wastewater spendingRead More

Raftelis acquires Westin Technology Solutions

Raftelis acquires Westin Technology Solutions

November 17, 2021 at 1:25 pm 0 comments

Raftelis has announced it acquired Westin Technology Solutions on Nov. 1. The company says the acquisition will enhance its focus on the effective use of business technologies including utility billing and work and asset management optimization. “Adding Westin’s expertise in utility asset and customer management technologies complements what we alreadyRead More

COMMENTARY: When it comes to water utility asset management, data is power

COMMENTARY: When it comes to water utility asset management, data is power

November 15, 2021 at 5:17 am 1 comment

By Michele Samuels Crisis management and emergency response are terms all too familiar to water utilities. As providers of one of our most essential customer services, utility operators have a proven track record in pragmatic problem-solving to ensure continuity for their communities. But as new threats emerge, from public health risksRead More

Lawsuit filed against 3M, DuPont, others over LA County PFAS contamination

Lawsuit filed against 3M, DuPont, others over LA County PFAS contamination

November 12, 2021 at 11:13 am 0 comments

SL Environmental Law Group has filed a lawsuit on behalf of the Water Replenishment District (WRD) against 3M Company, E.I. DuPont de Nemours, Inc., and other manufacturers of aqueous film-forming foam (AFFF) for their involvement in the manufacture and sale of per and poly-fluoroalkyl substances (PFAS) that have contaminated groundwaterRead More

SewerAI acquires funding from Bentley iTwin Ventures

SewerAI acquires funding from Bentley iTwin Ventures

November 8, 2021 at 5:45 am 0 comments

SewerAI, a provider of AI computer vision and cloud computing sewer condition assessment software, recently announced that Bentley Systems, Inc., participated in SewerAI’s $1.5 million venture round through the Bentley iTwin Ventures Fund. Bentley joined Burnt Island Ventures, Builders VC and EPIC Ventures among others in this round. SewerAI uses artificial intelligenceRead More

Illinois American Water energizes first solar project

Illinois American Water energizes first solar project

November 5, 2021 at 9:39 am 0 comments

Illinois American Water, the largest investor-owned water utility in Illinois, and Sol Systems, cut the ribbon on the water utility’s first solar project located in Champaign County, Ill. The 2.3-megawatt (MW) project includes bifacial panels, single-axis trackers, and the installation of native grasses to promote local habitat growth. “This isRead More