US Water Utilities Stuck In Debt, Rate-Hike Cycle: Report

Law360, New York (October 15, 2013, 5:35 PM EDT) -- Aging water infrastructure across the U.S. could be in trouble as debt rates outpace utility rate increases, straining operators that increasingly need to find ways to upgrade their facilities, according to a report released Monday by the Columbia University Water Center and Veolia Environnement SA.

The study, which aggregated and evaluated data from utilities across the nation, pointed to a sharp increase in debt and utility rates over the past 15 years, but the discrepancy between the two figures invites challenges for strapped operators staring down...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.