Water bonds

The Texas city's project joins other efforts in Southwest states to find new water sources as supplies dwindle due to persistent drought conditions.

A California Department of Water Resources spokeswoman said the department is considering an appeal of the Superior Court judge's decision.

The proposed pipeline, which dates back to 2006, would transport Colorado River water from the Lake Powell reservoir to the southwest corner of Utah.

The Water Infrastructure Financing Authority will use information it received from banks, businesses, conservation groups, and others to solicit water augmentation projects next year.

A significant chunk of the costs will be passed to ratepayers, experts said.

California Gov. Gavin Newsom announced that he certified the Sites Reservoir Project under the state's expedited environmental rule.

The deal has new-money and refunding components and is expected to hit the market in a negotiated sale the week of Nov. 13.

The state's Water Infrastructure Finance Authority is "strongly considering" the use of bonds as it seeks ideas on augmenting water supplies.

A constitutional amendment on the Nov. 7 ballot would deposit $1 billion in a Texas Water Fund with at least 25% earmarked to increase the drought-prone state's water supply.

The EPA failed to follow an escalation policy that was crafted in the wake of the water crisis in Flint, Michigan.

Power of EPA regulation and SRFs are called into question during hearing.

Water sector organizations are pressing Congress for a full appropriation for State Revolving Funds

The White House should remove barriers to help usher in a "golden age of technology" in the water sector, said the President's National Infrastructure Advisory Council.

The board named Jamie Asbury, the district's energy manager, to the top slot after an eight-month search.

The IFA and CWA launched a tender offer June 23 that closed Friday. The IFA and Citizens' tender invited holders of some bonds sold in 2014, 2016, and 2018 to tender their bonds as part of the water refunding.  

Easing drought conditions are not stopping states from restricting water use and investing in future supplies.

"The lowered ratings reflect our view of the system's ongoing operational management vulnerabilities that led to an EPA administrative order and alleged violations of the Federal Safe Drinking Water Act," said S&P's Jenny Poree.

The upgrade lifts $1 billion of the Jacksonville system's water and sewer system senior revenue bonds to AA-plus from AA.

"We are looking for parity with what's in Joliet contract. That is what would successfully allow us to work with the city of Chicago and that would make that alternative the preferred alternative over a new source water project," the commission's Paul May said.

Arizona, Nevada and California announced an agreement on Colorado River water use reductions, possibly averting a more stringent federal solution.