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Case Study: SWIFT Funds for Municipal Conservation – City of Austin

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Presentation by Heather Cooke, Governmental Affairs for Austin Water, at the 2016 SWIFT Funding Workshop in Austin, Texas.

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Case Study: SWIFT Funds for Municipal Conservation – City of Austin

  1. 1. Title of Presentation Presentation Date Name of Person, Assistant Director SWIFT FUNDS FOR MUNICIPAL CONSERVATION City of Austin Case Study – AMI (Smart Meters) November 7, 2016
  2. 2. Austin SWIFT Loan Overview • $80 million for AMI (smart meters) • $87 million for reuse system expansion • 7-year commitment from TWDB • 35% interest rate discount for 5 years • Initial loan closing – November 17, 2016
  3. 3. Austin SWIFT Loan Details • 20-year loan term for better interest rates • Interest rates based on TWDB bond sale • No loan origination fees • No federal funding requirements • Bond reserve fund requirement
  4. 4. Austin SWIFT Applications • Abridged application very simple – online • Full application fairly extensive – online – Financial – Legal – Engineering
  5. 5. Environmental Reviews • Easy process for reuse plant site projects • Other reuse projects not yet reviewed • Anticipated to be easy for AMI
  6. 6. Advanced Metering Infrastructure (AMI) What is AMI?
  7. 7. AMI System WRF Executive Summary on AMI
  8. 8. 8 River Place AMI Pilot Meter
  9. 9. Customer Data – One Week
  10. 10. System Leak Detection
  11. 11. 11 Heather Cooke – Government Relations, TWDB Liaison 512-972-0083 heather.cooke@austintexas.gov Bryan Barnett – AMI Project Manager 512-972-0162 bryan.barnett@austintexas.gov Austin Water Contacts

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