July 14, 2011

Thursday’s Water News: Jefferson County (Ala.) Near Plan to Settle Its Sewer Debt

Posted in Alabama, California, Indiana, Iowa, Massachusetts, Nevada, New York at 6:54 pm by bengann

Top Story
After being near the brink of insolvency for nearly three years, Jefferson County, Alabama finally has a plan to settle its $3.2 billion sewer debt and hopefully avoid the largest municipal bankruptcy in U.S. history. The plan includes a fixed-rate plan with a fixed term, modest sewer rate increases and backed by the state of Alabama’s credit rating.

Other Headlines
Citizens Energy Group will take control of Indianapolis’ water and sewer utilities in about six weeks, following state regulators’ approval of the deal.  Citizens will take over the utilities’ operations and capital projects, as well as $1.5 billion in debt. No immediate rate increases are associated with the deal, although water and sewer rates are expected to increase by triple-digit percentages over the next 15 years to pay for system upgrades.

A 19th-century water main broke this morning in the Manhattan, New York neighborhood of Chelsea flooded a street and left dozens of area residents and businesses without water. The broken 12-inch main was originally installed in the 1870s.

San Benito, California is in the process of undertaking a multi-million dollar project to address its sewer problems. In fact, in a recent study it was found that many manholes need to be repaired and that drainage needs to be improved.

Spencer, Iowa has received a $600,000 Community Development Block Grant for sanitary sewer collection improvements. Expenses for the project will be split nearly 50-50, with the city paying $650,000 of the total cost.

Water and Sewer Rate News
Hayward, California
Middleboro, Massachusetts
Reno, Nevada
Solvang, California

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