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United Water Brent Fewell ACE 13 Presentation June 2013
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United Water Brent Fewell ACE 13 Presentation June 2013

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Brent Fewell, Senior Vice President of Environment, Health and Safety at United Water, presented at ACE 2013. The presentation focused on removing barriers to innovation and innovative financing.

Brent Fewell, Senior Vice President of Environment, Health and Safety at United Water, presented at ACE 2013. The presentation focused on removing barriers to innovation and innovative financing.

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Transcript

  • 1. Brent FewellSenior VP Environment, Health and SafetyUnited Water
  • 2. Risk Averse Nature of the Water SectorThe recipe for failure is when the perceived risks offailure exceed the perceived benefits of success.The recipe for success is changing recipes.
  • 3. Organized to Meet US Water NeedsUWRegulatedBusiness20 UtilitiesNEWUWEnvironmentServicesBusiness100 ProjectsUWPartneredwith DBFirms- East Providence- Holyoke
  • 4. How to Create Sustainable Water SystemsWhat US Cities Need:1. Operational Efficiency, Expertise and Technological Innovation2. Capital dollars to ensure that water and wastewater systems aresustainable for a 40 to 50 year horizon3. Financial leverage to unlock the hidden value of a utility so the City canstrengthen its economy4. Local job creation from infrastructure improvements
  • 5. What We’re Doing In Bayonne•Eliminate ~$125M of municipal debt•Full management, innovation andoperational best practices•Capital investment to modernizewater, sewer and storm water system(~$110M over 40-years)Moody …. revises Bayonne’s creditoutlook to “Stable” for the first timein five years.March 14, 2013
  • 6. Answers to Key Questions…Excess revenuesCity remains ownerGovernance and operationalstandard settingCity sets tariffGuaranteed staffing and jobopportunitiesExtensive transition planningOversight of fundingRESOLUTIONSWho maintains systemownershipVague operational andtechnical standardsLoss of control over ratesImpact on employeesWindfall to concessionaireTransition of servicesCONCERNS
  • 7. Featured Commitment at the ClintonGlobal Initiative as an “innovativepartnership which meets one of theworld’s most pressing challenges”Partnership of the Year’ at the AmericanWater Summit 2012 for havingdelivered “the most dramaticimprovement in service and customervalue in the three most recent years”is Gaining Recognition
  • 8. Brent FewellSenior VP Environment, Health and SafetyUnited Water