Commitment to Action

United Water 'Solution': Investing in America's Water

Commitment by

United Water

In 2012, United Water committed to partner with institutional investors to form entities that will provide Nassau County, New York and the City of Bayonne, New Jersey with private capital to pay down accumulated debt and initiate capital investment in their municipal water systems. Through this five year commitment, United Water will take over operations and repairs of these water systems in exchange for resident-paid water usage fees. The municipalities, while clearing millions of dollars of accumulated debt, will maintain ownership and regulatory oversight of these systems. This unique partnership and innovative financial solution will promote job creation, create a cleaner environment, and ensure that ownership and stewardship of the water system never leaves public hands.

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Overview
Summary

Commitment

United Water 'Solution': Investing in America's Water

Launched

2012

Est. Duration

6 years

Estimated Total Value

$2,000,000,000

Region

Northern America

Countries

United States

Commitment by

United Water

Partner(s) of the Commitment Maker(s)

KKR, Bayonne Municipal Utility Authority, Nassau County