Post Tagged with: "water finance"

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

EPA announces $688 million in new WIFIA loans

January 21, 2022 at 9:26 am 0 comments

The U.S. Environmental Protection Agency (EPA) has announced new Water Infrastructure Finance and Innovation Act (WIFIA) loans totaling $688 million to help finance water infrastructure projects in Baltimore, Md., Milwaukee, Wis., and the San Francisco Bay area. In the first year of the Biden-Harris administration, EPA closed 29 WIFIA loansRead More

NACWA joins coalition letter on Buy America requirements in IIJA

NACWA joins coalition letter on Buy America requirements in IIJA

January 10, 2022 at 9:23 am 0 comments

NACWA and other water sector organizations sent a letter last week to the Biden Administration regarding implementation of the Buy America, Build America (BABA) requirements that were signed into law as part of the Infrastructure Investment and Jobs Act (IIJA). The letter builds upon concerns the sector raised while IIJA was moving through Congress. While waterRead More

NACWA, EPA meet on infrastructure bill implementation

NACWA, EPA meet on infrastructure bill implementation

January 10, 2022 at 9:07 am 0 comments

NACWA held a virtual meeting Jan. 6 with U.S. EPA Assistant Administrator for Water Radhika Fox and other senior EPA Office of Water staff to discuss implementation issues and distribution of funds from the recently passed bipartisan infrastructure legislation, the Infrastructure Investment and Jobs Act (IIJA). The meeting follows a letter that NACWA sentRead More

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

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

The Financing Gap: Re-examining the Role of Private Financing & P3s

The Financing Gap: Re-examining the Role of Private Financing & P3s

October 26, 2021 at 6:00 am 0 comments

By Bastien Simeon The pressure to invest in water infrastructure is steadily increasing due to aging assets, more stringent standards, climate change and urbanization, while the global crisis has left many governments and municipalities over-indebted. They are therefore looking to push more responsibility for financing water assets onto the utilities,Read More

Water Jargon 101

Water Jargon 101

October 6, 2021 at 12:55 pm 0 comments

A Guide to Sometimes Overused but Always Essential Terms, Acronyms & Other Basics of the Modern Water Utility Industry Whether you’re new to the water utility industry or you’re a seasoned veteran, you have to admit there’s a ton of jargon, buzzwords and acronyms to navigate. Like any field, waterRead More

Fitch: California drought may pressure water utilities’ margins

Fitch: California drought may pressure water utilities’ margins

October 4, 2021 at 7:28 am 0 comments

The current drought in California could cut into water utility revenues and pressure financial margins, Fitch Ratings says. Statewide water conservation mandates could be announced this fall, and some water agencies have already initiated cutbacks. After two years of dry conditions, California is experiencing a moderate-to-exceptional drought, and an exceptionalRead More

EPA receives 50 new requests for WIFIA funding totaling $8.2 billion

EPA receives 50 new requests for WIFIA funding totaling $8.2 billion

August 19, 2021 at 8:51 am 0 comments

The U.S. Environmental Protection Agency (EPA) has received 50 letters of interest in response to the agency’s 2021 Notices of Funding Availability. Requests totaling $8.2 billion exceed the agency’s $6.5 billion in available financing and highlight widespread needs for water infrastructure upgrades to benefit communities across the country. “Investing in water infrastructureRead More