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NAWC NewsFlow
March 23, 2010
     
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NAWC Water Experts Meet with and Report to Congressional Leaders

Forty NAWC water experts from all over the country came to Capitol Hill from March 9–10 as part of an annual “Report to Congressional Leaders.” More than 100 meetings were scheduled with elected officials during which water experts talked about the broad spectrum of solutions they provide to cities, towns and utilities across the country. NAWC encouraged congressional leaders to support several initiatives that will promote sustainable business practices and provide incentives for increased partnerships between public and private sectors to provide valuable and affordable water and wastewater service to millions of Americans.

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SouthWest Water Company Signs Agreement to be Acquired by Long-Term Infrastructure Investor Group

SouthWest Water Company announced it has entered into a definitive merger agreement to be acquired for approximately $275 million in cash, or $11 per share, by institutional investors advised by J.P. Morgan Asset Management and Water Management LLC (the partnership).

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West Virginia American Water “Green” Project Awarded Stimulus Funding

The West Virginia Department of Health and Human Resources has selected West Virginia American Water as the recipient of $3.85 million in American Recovery and Reinvestment Act economic stimulus funding.

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House Ways and Means Committee Passes Bill to Encourage Water Infrastructure Investment

The National Association of Water Companies (NAWC) along with 40 national groups representing the entire spectrum of the diverse water sector — engineers, contractors, construction workers, distributors and manufacturers — collectively applauded the House Ways and Means Committee for passing a bill that would remove state volume caps on private activity bonds (PABs) for water and wastewater financing included in the Small Business and Infrastructure Jobs Tax Act of 2010, H.R. 4849. The committee passed the bill on March 17, 2010; it now awaits House passage.

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2010 Winter Leadership Meeting

From February 28–March 2, a select group of private-water company executives escaped the chill and convened in Aventura, Fla., at the Fairmont Turnberry Isle for the opportunity to converse with each other on best practices for corporate responsibility and conservation, as well as to hear from speakers about fostering teamwork and learn about current legislative and financial market matters. One of the highlights was Center for Creative Leadership trainer and author of Retiring the Generation Gap, Jennifer Deal, Ph.D., who spoke about her research and offered anecdotes on how managers did the impossible, uniting bright new employees and seasoned veterans under a shared purpose.

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