Water Finance

Xylem Inc. (NYSE: XYL) announced Oct. 31 that it has completed its spinoff from ITT Corp., and has begun operations as a $3.2 billion standalone global water technology company.

In a televised address to Congress on Sept. 8, President Barack Obama called for the passage of the American Jobs Act, which includes investment in infrastructure for roads, bridges, railroads, airports and schools.

The Milwaukee Water Council will host its fifth annual Water Summit conference Sept. 19-20 at Milwaukee?s Discovery World/Pier Wisconsin complex.

Leadership was the theme of this year?s American Water Works Association?s Annual Conference and Exposition (ACE) held in Washington, D.C., June 12-16. Thousands of water professionals from around the world gathered at the Walter E. Washington Convention Center to take part in educational sessions and view exhibitors products and services.

Lawmakers chose the site of a recent water main break in Clifton, N.J., to announce the introduction of bills that would lift the cap on private activity bonds (now referred to as exempt facility bonds) for water and wastewater infrastructure projects.

Layne Christensen Co. announced that the acquisition of Wildcat Civil Services, a cured-in-place rehabilitation company based in Kiowa, Colo.

The Clean Water America Alliance announced the 2011 U.S. Water Prize winners. Each winner has been recognized for their watershed-based models and programs that advance our country toward greater water sustainability.

The Clean Water America Alliance welcomed Ben Grumbles, a dynamic water policy professional, as its new President in December.

The U.S. Conference of Mayors Water Council met Oct. 14-15 in Pleasanton, Calif. Pleasanton Mayor Jennifer Hosterman, Co-Chair of the council, hosted the meeting. There were over 70 registrants.

The U.S. Environmental Protection Agency (EPA) announced that it has issued voluntary information requests to nine natural gas service companies regarding the process known as hydraulic fracturing.