Capital Improvement

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Park Water Company recognizes that the nation’s water infrastructure needs serious attention. The pipes, pumps, and treatment facilities critical to delivering a clean, adequate supply of potable water to all of our communities are central to our quality of life, the protection of public health and safety, and a thriving economy.

 

One of the most important aspects of operating a public water system is reinvestment in infrastructure. Pipeline and facility replacement is an often overlooked necessity to assure continued superior service. Maintaining a strong infrastructure benefits everyone in the community. In addition, many neighboring water utilities rely on Park Water Company as an emergency source of water supply.

 

The cost for construction, operation, and maintenance of facilities are rising dramatically. The California Public Utilities Commission (CPUC) reviews the cost of these items for investor owned utilities. If the CPUC determines the costs are prudent and reasonable, they allow them to be included in the rates charged to the utilities' customers. The Water Utility Council of the American Water Works Association (AWWA) sponsored studies to improve how water utilities communicate with their decision-making bodies, customers, and other stakeholders about the need for sustainable local financing of water infrastructure improvements, operations and maintenance.

 

Ultimately, the rate-paying public must finance the replacement of their drinking water infrastructure. AWWA and Park recognize that local funds must cover the great majority of the local water infrastructure needs and remains committed to the principle of full-cost recovery through rates.

Park Water Company has a history of reinvesting back into the company. Over the last five years, PWC has invested approximately $6.3 million in the water systems. The table below summarizes these improvements. 

 

 

                Capital Improvements from 2002 -2006

 

Length of Water Meter Installed (feet)

Number of Fire Hydrants Installed (each)

Number of Services Installed (each)

Amount of Water Main, Fire Hydrant and Services Installed ($)

Amount of Source of Supply Improvements ($)

33,083

117

769

6,338,232

$1,560,737