Voorhees, NJ - January 18, 2007
American Water, the largest water services provider in North America, begins 2007 determined to form more public-private partnerships with municipalities and other government agencies as it implements innovative solutions to meet the many challenges facing the water industry such as aging infrastructure, water quality and supply challenges.
In looking at the year ahead, American Water President and CEO Donald Correll said the company intends to build on relationships it has already formed in cities such as Phoenix, Tampa Bay, New York City, Seattle and Fillmore, CA.
"Communities are looking for sustainable solutions for their water quality and capacity needs, infrastructure management, and wastewater treatment. We believe that offering this assistance will be extremely valuable in 2007 and the years ahead," said Mr. Correll.
Noting estimates that it will cost hundreds of billions of dollars to build new water services capacity and replacing aging infrastructure in the next two decades, Mr. Correll predicted that companies such as American Water offer a useful resource for local governments to gain access to capital and find solutions to their pressing water challenges.
"One solution to today's water challenges lies in public-private partnerships that can implement total water management (TWM) programs," he said. "TWM takes into account social, environmental and economic needs so that water resources can be managed in a balanced, sustainable manner. We offer our customers the opportunity to leverage our technical expertise, customer relations skills and our ability to access to capital markets. We can help cities implement entire TWM solutions as well as significant elements that have immediate priority."
Examples of American Water's public-private-partnerships underway in 2007 include:
"Partnerships between municipalities and the private sector will be an increasingly important strategy for dealing with the enormous challenges of upgrading and replacing the nation's water and wastewater delivery systems and to do so in a way that protects our environment," said Mr. Correll. "We look forward to delivering more innovative solutions in 2007 and beyond."
In addition to offering public-private partnerships, American Water works with local governments to help sustain economic development and provide a reliable water supply for future growth through systems that become part of the company's network of privately owned subsidiaries. Examples include the recent purchase of a water system in Florham Park, NJ, that will provide water to the future headquarters and training camp of the New York Jets NFL football team and the announced purchase of S.J. Services Inc. in a high-growth area of the New Jersey where additional water resources are needed for economic development.
With headquarters in Voorhees, NJ, American Water employs approximately 7,000 dedicated professionals who provide high-quality water, wastewater and other related services to about 17 million people in 29 states and Canada.