Funding News

  1. California Water Withdraws $70.00 Per Share Proposal To Acquire SJW Group After Rejection By SJW
    8/17/2018

    California Water Service Group today announced that it has withdrawn its revised proposal to acquire SJW Group for $70.00 per share in cash after it was rejected by the SJW Board. California Water will also terminate its tender offer to acquire all outstanding shares of SJW common stock.

  2. EPA Receives Record Number Of Letters Of Interest For WIFIA Water Infrastructure Loans
    8/16/2018

    The U.S. Environmental Protection Agency (EPA) received 62 letters of interest (LOIs) collectively requesting $9.1B in loans from a wide range of prospective borrowers in response to the Water Infrastructure Finance and Innovation Act (WIFIA) program’s 2018 Notice of Funding Availability.

  3. California Water Submits Revised Proposal To Acquire SJW Group For $70.00 Per Share In Cash
    8/13/2018

    California Water Service Group (“California Water”) recently announced it has submitted a revised proposal to the Board of Directors of SJW Group (“SJW”) increasing its proposal to acquire SJW from $68.25 per share in cash to $70.00 per share in cash.

  4. Five Star Urban Waters Grant Awarded To Project In Honolulu
    8/9/2018

    Recently, the National Fish and Wildlife Foundation (NFWF) and the U.S. Environmental Protection Agency (EPA) announced a $50,000 grant to the Oahu Economic Development Board to advance restoration work and expand the scale of community engagement in Honolulu’s Ala Wai Watershed.

  5. EPA Provides $135M For Innovative Groundwater Replenishment Project Expansion In Orange County
    8/1/2018

    Recently, the U.S. Environmental Protection Agency (EPA) announced a $135M Water Infrastructure Finance and Innovation Act (WIFIA) loan to the Orange County Water District to help finance its Groundwater Replenishment System final expansion.

     

  6. Department of Agriculture Funds Wastewater Infrastructure For Rural Communities
    7/31/2018

    Federal funding of rural wastewater infrastructure projects is often assumed to predominantly flow through the Environmental Protection Agency (U. S. EPA)’s Clean Water State Revolving Fund created in 1987 under the Clean Water Act. However, in an interesting development, Anne Hazlett, Assistant to the Secretary for Rural Development at the U.S. Department of Agriculture (USDA), recently announced that the USDA would make a historic commitment to upgrade and rebuild rural wastewater infrastructure.

  7. USDA Encourages Rural Communities, Water Districts To Apply For Loans To Improve, Rebuild Infrastructure; $4 Billion Available
    7/30/2018

    Assistant to the Secretary for Rural Development Anne Hazlett today announced a historic commitment by the U.S. Department of Agriculture to upgrade and rebuild rural water infrastructure.

  8. Detroit Investigates Alleged Water Theft Operation
    7/30/2018

    Detroit water officials are investigating a potential large-scale water theft at a marijuana operation.

  9. U.S. EPA Provides $699M For San Francisco Wastewater Infrastructure Upgrades
    7/30/2018

    The U.S. Environmental Protection Agency (EPA) recently issued a $699M loan to the San Francisco Public Utilities Commission to help finance its innovative Southeast Treatment Plant Biosolids Digester Facilities Project. This is the largest loan issued under EPA’s Water Infrastructure Finance and Innovation Act (WIFIA) program to date.

  10. California To Dole Out $2.7 Billion For Water Storage
    7/27/2018

    A California agency approved $2.7 billion for water storage projects across the state this week.