Water Finance

In 2016, DC Water issued a unique $25 million Environmental Impact Bond, the proceeds of which went to green infrastructure projects to reduce the flow of stormwater into the Potomac River.

PFAS is Lining Up to be the Most Expensive Environmental Hazard in History

Legal Corner, Water Finance March 15, 2023 at 7:00 am

By Michael DiGiannantonio The U.S. EPA has released its proposed maximum contaminant levels (MCLs) for Perfluorooctanoic acid (PFOA) and Perfluorooctane sulfonate (PFOS) – two common types of per- and polyfluoroalkyl substances (PFAS). Under the proposed MCLs, drinking water utilities across the country would be forcedRead More

EPA Headquarters building at the Federal Triangle in Washington, DC.

EPA to ‘aggressively confront’ PFAS with first-ever proposed standard

Washington Report, Water Finance, Water Management March 14, 2023 at 11:30 am

Today, the U.S. Environmental Protection Agency (EPA) announced it is proposing the first-ever national drinking water standard for six per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals.” The much anticipated announcement is the latest action under President Joe Biden’s plan to combat PFAS pollution andRead More

Staying Ahead of Lead

Staying Ahead of Lead

Rehab & Replacement, Water Finance, Water Management March 13, 2023 at 6:07 am

What the Scope of LCRR Compliance Work Will Consist of in 2023 & How Lead Has Impacted Public Trust of Water Systems In short, when it comes to complying with the U.S. EPA’s Lead and Copper Rule Revisions (LCRR), water utilities have a lot onRead More

EPA’s 100th WIFIA loan to invest in Santa Clara County, California

EPA’s 100th WIFIA loan to invest in Santa Clara County, California

The U.S. Environmental Protection Agency (EPA) recently announced two Water Infrastructure Finance and Innovation Act (WIFIA) loans totaling $115 million to Santa Clara Valley Water District in Santa Clara County, California, to improve resiliency of the system’s water infrastructure. The announcement marks the 99th and 100th loansRead More

Cleveland Water Alliance launches Freshwater Innovation Fund

Cleveland Water Alliance launches Freshwater Innovation Fund

Water Finance March 7, 2023 at 10:55 am

The Cleveland Water Alliance (CWA) in February announced the launch of the Freshwater Innovation Fund, a venture capital fund focused on investments in water technology. Through the Fund, Cleveland Water Alliance aims to provide opportunities for innovators and investors to accelerate positive impact on globalRead More

EPA announces $2.4 billion for clean water projects

EPA announces $2.4 billion for clean water projects

Public Utility Finance, Water Finance February 27, 2023 at 9:57 am

The U.S. Environmental Protection Agency (EPA) has announced more than $2.4 billion from President Joe Biden’s Bipartisan Infrastructure Law for states, Tribes, and territories through this year’s Clean Water State Revolving Fund (CWSRF). EPA says the funding will support communities in upgrading essential water, wastewater,Read More

EPA: $2 billion in grants available to combat emerging contaminants

EPA: $2 billion in grants available to combat emerging contaminants

Public Utility Finance, Water Finance February 21, 2023 at 9:25 am

The U.S. Environmental Protection Agency (EPA) has announced the availability of $2 billion from President Joe Biden’s Bipartisan Infrastructure Law to address emerging contaminants like Per- and Polyfluoroalkyl Substances (PFAS) in drinking water across the country. The investment, which is allocated to states and territories,Read More

City of Fort Lauderdale enters P3 for advanced water treatment project

City of Fort Lauderdale enters P3 for advanced water treatment project

Private Financing / P3s, Water Management February 21, 2023 at 8:45 am

Ridgewood Infrastructure LLC and IDE Technologies, LTD have announced the closing of a public-private partnership (P3) with the City of Fort Lauderdale, Florida, to design, build and operate a new 50 million gallons per day water treatment plant – the Prospect Lake Clean Water Center.Read More

Six FCRA Criteria for Federally Involved Projects

Six FCRA Criteria for Federally Involved Projects

Public Utility Finance, Water Finance February 15, 2023 at 11:34 am

By John Ryan Stakeholders of the U.S. EPA WIFIA loan program will recall that the program ran into a serious-sounding issue about correct budgeting a few years ago. The issue arises when a WIFIA loan is made to an infrastructure project that has some degreeRead More

Biden-Harris admin announces $340 million for Philly water projects

Biden-Harris admin announces $340 million for Philly water projects

Public Utility Finance, Water Finance, Water Management February 13, 2023 at 9:53 am

The U.S. Environmental Protection Agency (EPA) recently announced a $340 million financing commitment to upgrade the City of Philadelphia’s aging drinking water infrastructure, including replacing customers’ lead service lines. The agency says a Water Infrastructure Finance and Innovation Act (WIFIA) low-interest loan will jumpstart theRead More