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February 24, 2009
     
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Economic Stimulus Signed Into Law

On February 17, President Obama signed into law the 1,100-page H.R. 1, the American Recovery and Reinvestment Act (ARRA), more commonly referred to as the “economic stimulus act.” This followed an intense few weeks of congressional negotiations and high-stakes politics.

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U.S. Investor-Owned Water Utilities Receive ‘Excellent’ Rating by S&P Ratings Services

On the heels of a recent Standard & Poor’s (S&P) report noting that about $100 billion in new money for infrastructure investment funding was raised globally in 2006, and more investment funds are planned, S&P has announced that U.S. investor-owned water utilities are considered to have excellent business risk profiles and that the water utility sector continues to display significant stability.

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NARUC Hosts Successful Winter Meetings

The National Association of Regulatory Utility Commissioners (NARUC) Winter Meetings were held February 15-18 in Washington, D.C., at the Renaissance Washington Hotel. NAWC members actively participated in the meetings.

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American Water Names William D. Patterson Senior Vice President of Corporate and Business Development

American Water Works Company, Inc., announced that William D. Patterson has been named the company's new senior vice president of corporate and business development. Patterson will leverage his substantial utility knowledge and experience to drive an integrated business development strategy for American Water.

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Aquarion Donates Truck to Monroe Public Works Department

Recognizing that municipal budgets are tighter than ever, Aquarion Water Company has given Monroe, Conn., a 2001 GMC Sierra truck that it is retiring from its fleet. This will help fill a gap in the Public Works Department. Monroe First Selectman Thomas Buzi accepted the truck’s keys from Bev Doyle, a Monroe resident and customer accounts manager at Aquarion. Buzi said he was grateful for the donation. “We don’t have a lavish budget,” he said. “It’s more like a shoestring, so this donation will make a big difference for Public Works.”

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