Post Tagged with: "water finance"

Fitch Ratings: Cyber events could pose ‘material risk’ to water, sewer utility credit

Fitch Ratings: Cyber events could pose ‘material risk’ to water, sewer utility credit

April 8, 2021 at 1:42 pm 0 comments

  Water and sewer credit ratings incorporate an assessment of an entity’s resiliency to manage unexpected events, including cyberattacks, which could pose financial and operating risks that ultimately affect utility credit quality, Fitch Ratings says. Event risks like cyberattacks are considered asymmetric risks per Fitch’s criteria, and are viewed throughRead More

Biden unveils $2 trillion infrastructure plan; water sector reacts

Biden unveils $2 trillion infrastructure plan; water sector reacts

April 5, 2021 at 9:18 am 0 comments

On March 31, the White House released The American Jobs Plan, a $2 trillion infrastructure plan aimed at creating jobs and rebuilding U.S. infrastructure. The Biden Administration is proposing a total of $111 billion dollars in clean water and drinking water investments. While the proposal does not include detailed programmatic fundingRead More

EPA announces $67 million stormwater grant program

EPA announces $67 million stormwater grant program

April 5, 2021 at 8:32 am 0 comments

The U.S. Environmental Protection Agency (EPA) has announced the availability of $67 million in grant funding through the new Sewer Overflow and Stormwater Reuse Municipal Grant program. This funding will support public health and environmental protections by helping states and cities improve stormwater management to address sewer overflows and reduceRead More

The WIFIA Bank

The WIFIA Bank

March 29, 2021 at 8:33 am 0 comments

By John Ryan The 2020 Annual Report of the EPA’s WIFIA loan program is a good read, and not just because it’s short and largely graphical. It’s a series of positive snapshots, including impressive aggregate stats, highlights from closed loans and summaries of new features. The overall impression is thatRead More

Biden signs COVID stimulus including water affordability program funding

Biden signs COVID stimulus including water affordability program funding

March 12, 2021 at 10:16 am 0 comments

President Joe Biden on Friday signed into law the American Rescue Plan Act, legislation to deliver additional COVID-19 relief that contains $500 million in assistance for low-income clean water customers and support for critical water and sewer investments. This water assistance funding comes in addition to the initial $638 million providedRead More

Raftelis hires new chief economist

Raftelis hires new chief economist

March 8, 2021 at 6:55 am 0 comments

Steven McDonald has joined Raftelis as our Chief Economist to lead our new valuation and economic impact analysis services. He was formerly with CSG Economics at GAI Consultants. Valuation services and economic impact analyses have been top of mind for many Raftelis clients as they navigate the challenges of aRead More

Water sector applauds House leadership for affordability program boost

Water sector applauds House leadership for affordability program boost

March 1, 2021 at 10:36 am 0 comments

On Friday, the House of Representatives passed the American Rescue Plan Act, legislation to deliver additional COVID-19 relief that contains $500 million for low-income water utility bill assistance. This new funding for low-income water assistance comes in addition to the initial $638 million provided in the December 2020 FY21 ConsolidatedRead More

WEF survey estimates stormwater sector’s annual funding gap

WEF survey estimates stormwater sector’s annual funding gap

February 26, 2021 at 10:33 am 0 comments

The U.S. stormwater sector faces an estimated $8.5 billion annual funding gap, according to a survey by the Water Environment Federation (WEF). The funding shortfall exists as municipalities nationwide work to maintain water infrastructure, control pollution in waterways, and protect communities from flooding. The funding gap was identified in WEF’sRead More

NACWA says funding for federal affordability program “nowhere near” needed levels

NACWA says funding for federal affordability program “nowhere near” needed levels

February 12, 2021 at 4:47 pm 0 comments

Last week the House of Representatives Energy and Commerce Committee marked up its contribution to the next COVID-19 relief bill last week. Included was an additional $500 million for the Low-Income Water Customer Assistance Program administered by Health and Human Services, bringing the potential total amount for low-income water assistanceRead More

NACWA, AMWA launch new campaign to reaffirm commitment to federal investment in water

NACWA, AMWA launch new campaign to reaffirm commitment to federal investment in water

February 1, 2021 at 9:45 am 0 comments

The National Association of Clean Water Agencies (NACWA) and the Association of Metropolitan Water Agencies (AMWA) today kicked off a new joint campaign that the two organizations are calling: Affordable Water, Resilient Communities. Local utilities and their customers face financial challenges after years of increasing local costs and declining federal cost-share. The newRead More