Public Utility Finance

US Water Alliance releases new report on water shutoffs

US Water Alliance releases new report on water shutoffs

November 30, 2022 at 1:01 pm 0 comments

Some water utilities had as many as 40,000 unpaid accounts during the COVID-19 pandemic The US Water Alliance has released a new report on the practice and effect of water shutoffs due to nonpayment. The report, titled The Path to Universally Affordable Water Access: Guiding Principles for the Water Sector,Read More

Stiffer Inflation Test Awaits U.S. Water and Sewer Utilities in 2023

Stiffer Inflation Test Awaits U.S. Water and Sewer Utilities in 2023

November 28, 2022 at 7:30 am 0 comments

By Dennis Pidherny & Audra Dickinson U.S. water utilities fared remarkably well during the coronavirus pandemic and appear to be withstanding the effects of inflation on operations and capital spending thus far. This is not to say the sector hasn’t struggled. Operating costs are up across the board following aRead More

Recent court rulings favor plaintiffs in PFAS multidistrict litigation

Recent court rulings favor plaintiffs in PFAS multidistrict litigation

November 21, 2022 at 8:47 am 0 comments

By Seth Mansergh & Nancy Mortvedt Manufacturers of aqueous film forming foams (AFFF) have been attempting to reduce their liability from the presence of per- and polyfluoroalkyl substances (PFAS) in their products for many years. The health effects from PFAS exposure are getting a lot of public attention as theRead More

EPA selects 29 finance centers to receive grants, provide technical assistance

EPA selects 29 finance centers to receive grants, provide technical assistance

November 14, 2022 at 9:21 am 0 comments

The U.S. Environmental Protection Agency (EPA) this month announced the selection of 29 Environmental Finance Centers (EFCs) that will help communities across the country access federal funding for infrastructure and greenhouse gas reduction projects that improve public health and environmental protection. The EFCs will deliver targeted technical assistance to local governments, states,Read More

Fitch: Most Florida water, sewer systems should be able to absorb initial costs of Hurricane Ian

Fitch: Most Florida water, sewer systems should be able to absorb initial costs of Hurricane Ian

October 10, 2022 at 6:15 am 0 comments

The ratings of U.S. public finance issuers affected by Hurricane Ian will largely remain stable, although the credit quality of some issuers with lesser resources and financial flexibility could weaken, says Fitch Ratings. While the full extent of property damage in Florida, Georgia and the Carolinas will not be knownRead More

Skyline of Nashville, Tennessee at sunset showing reflections in the Cumberland River

EPA announces big WIFIA loan for Nashville’s Metro Water Services

October 3, 2022 at 10:12 am 0 comments

The U.S. Environmental Protection Agency (EPA) announced a $315 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to Metro Water Services in Nashville, Tennessee. With EPA’s WIFIA loan, Metro Water Services will modernize its infrastructure to provide safe, reliable drinking water to its growing service area. “Metro Water ServicesRead More

Water sector coalition supports lead replacement funding using tax-exempt bonds

Water sector coalition supports lead replacement funding using tax-exempt bonds

September 12, 2022 at 9:41 am 0 comments

According to the Association of Metropolitan Water Agencies (AMWA), Sen. Michal Bennet’s (D-Colo.) anticipated legislation would make it easier for water systems to finance full lead service line replacements with tax-exempt bonds. Bennet’s Financing Lead Out of Water (FLOW Act) is almost identical to a version passed by the HouseRead More

More Advocacy Needed for Large Tunnel and Storage Funds Despite Federal Investment

More Advocacy Needed for Large Tunnel and Storage Funds Despite Federal Investment

September 6, 2022 at 8:32 am 0 comments

By Wayne Hofmann & Rory Ball The fanfare accompanying the passage of the $1.2-trillion Infrastructure Investment and Jobs Act (IIJA) might make you believe our industry’s dreams are coming true. After decades of clamor for increased investment in water and sewer infrastructure, the Federal government has pledged sustained funding overRead More

Fitch Ratings: U.S. water utilities withstanding inflationary pressures

Fitch Ratings: U.S. water utilities withstanding inflationary pressures

August 24, 2022 at 6:18 am 0 comments

According to a recent annual peer review for the sector by Fitch Ratings, U.S. water utilities have fared remarkably well post-coronavirus and are withstanding the effects of inflation on operations and capital spending. Operating costs are up across the board after a decline in fiscal 2020, but year-over-year operating revenueRead More

Implementing Federal Funding for Utilities

Implementing Federal Funding for Utilities

August 22, 2022 at 9:28 am 0 comments

Why It’s Important to Think Strategically, Creatively and Holistically When Working with ARPA, IIJA Funds By Jeff Rowe Utilities are faced with a rare and remarkable opportunity to impact the present-day situation of their users and rate payers while also altering the long-term future of their entire communities. With theRead More