Investment In Infrastructure
Investing in our infrastructure is critical to our mission of serving our customers high-quality, reliable water and wastewater service. The United States Environmental Protection Agency (USEPA) estimates that approximately $277 billion of capital spending will be needed between 2003 and 2022 to replace aging water infrastructure and comply with stricter water quality standards, and the USEPA estimates that approximately $388 billion will be needed between 2000 and 2019 to replace aging wastewater infrastructure. We intend to invest capital prudently to enable us to continue to provide essential services to our regulated water and wastewater utility customers. Investing in our infrastructure is critical to our mission of serving our customers quality and reliable water and wastewater service.
Nationwide, American Water, through its nineteen state subsidiaries, has spent about $1.5 billion in the past three years on infrastructure improvements across the country. We have a strong and ongoing commitment to investing in infrastructure and keeping it updated and we are committed to delivering excellent service that our customers depend upon at an exceptional value. Tap water costs about a penny a gallon - a remarkable value compared to any other utilities today. With few exceptions, water service remains the lowest utility bill that a household will pay.
American Society of Civil Engineers 2009 Report Card for America's Infrastructure