Investing In Our CommunitiesThe United States Environmental Protection Agency (USEPA) estimates that approximately $277 billion of capital spending will be needed between 2003 and 2022 to replace aging water infrastructure and comply with stricter water quality standards, and the USEPA estimates that approximately $388 billion will be needed between 2000 and 2019 to replace aging wastewater infrastructure. We intend to invest capital prudently to enable us to continue to provide essential services to our regulated water and wastewater utility customers. Investing in our infrastructure is critical to our mission of serving our customers quality and reliable water and wastewater service. We have a strong and ongoing commitment to investing in infrastructure and keeping it updated. We are committed to delivering excellent service that our customers depend upon at an exceptional value. Tap water costs about a penny a gallon - a remarkable value compared to any other utilities today. With few exceptions, water service remains the lowest utility bill that a household will pay. In fact, since 2002, Iowa American Water has invested nearly $28 million dollars in water system improvements. We’ve replaced and installed new water lines, meters and hydrants and made improvements at our water treatment, pumping and storage facilities to allow us to continue to provide reliable, quality service to our customers in Clinton and the Iowa Quad Cities. Some of the largest projects and investments include:
These investments and the additional investment we continue to make will help us continue to provide high quality water and wastewater service. Delivering quality water service requires continued infrastructure investment. At Iowa American Water, we make the necessary investments in our water systems because we are committed to providing customers with high quality water and reliable water service. |