Funding News

  1. EPA Provides Nearly $70M Loan For Omaha Water Infrastructure Upgrades
    6/21/2018

    The U.S. Environmental Protection Agency (EPA) issued a $69.7M loan to the City of Omaha, Nebraska, to help finance its Saddle Creek Retention Treatment Basin. This marks the second loan to be issued under EPA’s Water Infrastructure Finance and Innovation Act (WIFIA) program.

  2. MWH Constructors Awarded $23M Contract From Town Of Eagle, Colo.
    6/20/2018

    MWH Constructors was awarded a $23M contract by the Town of Eagle, Colo. (Town) to serve as construction manager at-risk (CMAR) for the Lower Basin Water Treatment Plant (LBWTP). The new plant will provide highly reliable water service and environmental benefits, and allow the Town to pursue its vision for smart economic development and growth over the next 20 years.

  3. New Report Launched To Help Water Companies Improve Efficiencies And Combat Waste
    6/19/2018

    TALIS, one of the world’s leading providers of water flow control solutions, is acting to help prevent endemic waste in the water sector, stemming from what it believes is a failure to make the best buying decisions for non-standard applications.

  4. California Water Responds To SJW’s Rejection Of Its Cash Tender Offer
    6/15/2018

    California Water Service Group (“California Water”) recently issued the following statement in response to SJW Group’s (NYSE: SJW) (“SJW”) rejection of its cash tender offer to acquire all outstanding shares of SJW for $68.25 per share in cash.

  5. A Sign Of Financial Stability, Fitch Ratings Service Has Affirmed The MWRD's AAA Credit Rating
    6/7/2018

    A sign of financial stability, Fitch Ratings Service has affirmed the Metropolitan Water Reclamation District of Greater Chicago's (MWRD's) AAA credit rating. A new report from Fitch documents the MWRD's continued steady financial performance and flexibility, sufficient reserves to cover unexpected expenditures and overfunding of pension and other post employee benefits while routinely underspending its budgeted expenditures.

  6. California Water Commences Cash Tender Offer To Acquire SJW Group At $68.25 Per Share
    6/7/2018

    California Water Service Group (“California Water”) recentlyannounced that it has commenced a tender offer to acquire all outstanding shares of SJW Group for $68.25 per share in cash. The offer is scheduled to expire at 5:00 p.m., New York City time, on August 3, 2018, unless the offer is extended.

  7. California Water Files Definitive Proxy Materials And Sends Letter To SJW Group Stockholders
    5/31/2018

    ​California Water Service Group (“California Water”) recently announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission and sent a letter to SJW Group (“SJW”) stockholders, along with a WHITE proxy card, in connection with SJW’s Special Meeting of Stockholders.

  8. Utility Watchdog Highlights Legal Cost Of Water Pollution
    5/31/2018

    Who should bear the cost burden when a water utility is sued over pollution? A recent saga featuring Carolina Water Service raises this question.

  9. States Request $82B For Water Infrastructure, 25% Increase From Prior Year
    5/29/2018

    New data shows that project requests to fund water and wastewater infrastructure projects through the EPA administered State Revolving Fund (SRF) Program have increased 25% since last year.

  10. Madison Utility Wants Biggest Rate Hike In Its History
    5/24/2018

    The water utility in Madison, WI, is experiencing economic turmoil, a sign of the strain faced by many water utilities across the country.