Feb
16

From: Justin Burton
Date: Fri, Feb 15, 2013 at 11:21 AM
Subject: Study Committee on Investor-Owned Water & Wastewater Utility Systems Issues Report
To:

FOR IMMEDIATE RELEASE:

Friday, February 15, 2013

CONTACT: (850) 413-6482

 

Study Committee on Investor-Owned Water & Wastewater Utility Systems Issues Report

 

TALLAHASSEE – A report issued today by the Study Committee on Investor-Owned Water & Wastewater Utility Systems (Committee) makes recommendations to address many of the challenges facing investor-owned water and wastewater utilities, particularly small systems.

Established by the 2012 Legislature, the 18-member Committee was mandated to address five issues – economies of scale, low interest loans, tax incentives, purchase of existing systems, and resellers – in its report submitted today to the Governor, the Senate President, and the Speaker of the House.

Committee members met a dozen times, including twice in areas affected by high water and wastewater rates to take public testimony. In addition to the mandated issues, the Committee addressed seven more issues of concern in the report: reserve fund, interim rates, rate case expense, quality of service, the Public Service Commission’s (PSC) used and useful rule, use of technology, and PSC policy and procedures.

Report recommendations, in part, include:

·To ensure water quality standards are met, the committee recommends a statutory change to allow PSC penalties for not meeting the Department of Environmental Protection’s secondary water and wastewater operational requirements.

·To reduce rate case expense, the committee recommends a statutory change to limit consultant and attorney’s fees, in staff-assisted rate cases, and also recommends eliminating recovery of rate case expense from more than one case at time by requiring the utility to forfeit any unrecovered rate case expense from a prior rate case.

·To take advantage of quantity discounts for equipment and materials, the report recommends authorizing IOUs to use state purchasing contracts and developing an online new or used equipment exchange.

·To attract capital for system improvements, the report recommends a legislative change to open the State Revolving Fund (SRF) to all IOUs, a streamlined SRF process, and a PSC rule change to allow pass-through of loan service fees.

In its report, the Committee made recommendations for consideration by the Legislature, certain state agencies, and industry associations.

Chaired by PSC Commissioner Julie I. Brown, Committee members represent the Florida Legislature, state agencies, state and local governments, and investor-owned water utilities and their customers.

To read the entire report or for more information, visit www.FloridaWaterStudy.com.

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Jan
27

Great News!!!

Click on the link below to view the latest news about the Aqua sale to the FGUA. The article is written by Laura Kinsler, and as always, she’s written another good piece.

http://www2.tbo.com/news/news/2013/jan/26/panewso1-aqua-utilities-agrees-to-sell-assets-ar-616848/

Jan
25

I received the following update yesterday - simply amazing!!!!!

A purchase and sale agreement has been approved by both parties. The purchase is subject to FGUA’s ability to successfully finance the purchase via issuance of bonds to cover the cost of the purchase amount, transaction cost and the cost of capital improvements for each system. FGUA is working with the bonding rating agencies to go over the details of the acquisition, ongoing cost of operation and revenue projections to cover these cost of operation, debt service cost and meet other bond covenants. They need to get rating to support a 30 year revenue bond with true interest cost of 4.3% or less in order to make the deal work and avoid any rate increases.
Things are moving forward, but getting the financing together is the current challenge. The required closing date in the purchase agreement is Feb. 28th with an automatic extension to March 31st, which will likely occur. Hopefully this is helpful; if you need additional information, feel free to give me a call.
Bruce Kennedy, P.E.
Assistant County Administrator
Utility Services (Pasco County)

Nov
26

As many of you know, Frank Reams recent-
ly passed away. Although Frank was not an
Aqua customer, he fought vigorously to help
us get the company off our backs. He will be
missed.

A memorial service will be held, 12/8/2012,
at 11:00 am, at Atonement Lutheran Church,
located at 29617 State Rd, in Wesley Chapel.

Frank was working on a building project, at
his church. Memorials towards this project
would be greatly appreciated.

Cards can be sent to Carol Reams, 34445
Yellow Perch Place, Zephyrhills, Fl 33541.

Nov
08

Our good friend, Frank Reams, passed November 2nd, 2012.  The funeral will be held in Wisconsin, with a memorial service in Florida sometime in December.

He will be sorely missed by the many people he helped, especially, the thousands of Aqua water customers he fought so vigorously for.

I came to know Frank, as a man of great integrity, with an earnest desire to help his fellow man.  The “Bulldog” fought the good fight to the very end.

Above all, Frank believed that Jesus Christ was his Lord and Savior, and now he lives eternally in the presence of his God and King.

Please pray for Carol and the family.

Click on the link below to view the obituary.

http://www.hudsonstarobserver.com/event/obituary/id/48956/

Dave Bussey

Oct
25
Oct
25
Oct
02

Aqua Indiana made its case before the Indiana Supreme Court on Thursday that a jury should decide how much the city should pay for its 2002 takeover of the utility’s northern system.

More

 

http://www.journalgazette.net/article/20120928/LOCAL/309289974

Sep
26

The company’s Florida unit, Aqua Utilities Florida Inc., owns 82 water and wastewater systems.

 

For the full story click link below:

 

http://www.marketwatch.com/story/aqua-america-offers-to-sell-florida-assets-to-fgua-2012-09-25?link=MW_latest_news

Sep
24

Chuluota Customer, speaks about the sale of the Chuluota system to Florida Government Utility Authority.

click on the link below:

http://www.wftv.com/videos/news/aqua-utilities-selling-water-sewer-operation-in/vfD74/