Water Finance

The U.S. Environmental Protection Agency (EPA) has issued a $614 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the City of San Diego, Calif., to help finance its Pure Water project. “This WIFIA loan will help San Diego construct a state-of-the-art water purificationRead More

Growth in annual revenue accelerated for U.S. water utilities over the last year while leverage declined, according to Fitch Ratings in a new report. According to Fitch, revenue increased almost 5 percent in the current median cycle with most of the growth again coming fromRead More

The National Association of Water Companies (NAWC) has announced California Water Service (Cal Water) as the winner of two 2018 NAWC Management Innovation Awards. The company was recognized in October at the 2018 NAWC Water Summit in San Antonio, Texas. Two of Cal Water’s submissions –Read More

Global design firm Stantec on Oct. 19 announced it has signed an agreement for the sale of its construction division, MWH Constructors, to funds managed by Oaktree Capital Management, L.P (“Oaktree”). The sale of MWH Constructors is inclusive of MWH Constructors’ U.K. and U.S. divisions and Slayden ConstructorsRead More

EDITOR’S NOTE — In September, Water Finance & Management sat down with new president and CEO of the National Association of Water Companies (NAWC), Robert Powelson. Powelson officially joined NAWC in August 2018 after a year serving on the Federal Energy Regulatory Commission (FERC), toRead More

Great Lakes Water Authority’s WRAP Program Aims to Put Customers on a Path to Self-Sufficiency A widely-held viewpoint across the municipal water sector is that water distribution and sewage collection service is underpriced. Water and sewer authorities operate primarily with funding from rate increases butRead More

America’s Water Infrastructure Act of 2018 was signed into law by President Donald J. Trump on Tuesday. The U.S. water infrastructure sector is lauding it as an important step forward in the nation’s efforts to fund the renewal of aging water infrastructure. The measure movedRead More

Aqua America Inc., a regulated water and wastewater utility, has announced it will acquire Peoples in an all-cash transaction that reflects an enterprise value of $4.27 billion, which includes the assumption of approximately $1.3 billion of debt. Peoples consists of Peoples Natural Gas Company LLC, PeoplesRead More

The National Association of Clean Water Agencies (NACWA) and the Association of Metropolitan Water Agencies (AMWA) have extended support for new legislation aimed at improving the affordability of water and wastewater service for low-income customers. Introduced led by Sens. Ben Cardin (D-Md.), Roger Wicker (R-Miss.) andRead More

The Senate has passed America’s Water Infrastructure Act, a bill generally passed every two years and often referred to as the Water Resources and Development Act (WRDA). The legislation deals with funding a range of water infrastructure improvements. U.S. Sen. John Barrasso (R-Wyo.), chairman ofRead More