HOUSTON — Public utilities must awaken ratepayers to the reality that, while energy sources are expanding, water is growing increasingly precious, experts told The Bond Buyer Symposium on Public Utility Finance.

"Water is only going to be cheap for a little while longer," warned Debra Saunders, vice president for municipal underwriting at Fidelity Capital Markets. "When the water bill starts to reach as high as the electric bill, people will start to notice."

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