Investing In Our Communities
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.
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.
In New Jersey alone, we have invested more than $570 million since 2000 to improve service to our customers. Every year, we deliver system improvements to the communities we serve – from extending water mains to replacing meters and hydrants to upgrading plant equipment. We also invest in major projects to improve service to customers.
Some of the completed projects include replacing mains in Ocean City, building a new state-of-the-art water treatment plant that enables radium-removal in Jamesburg, and the expansion of solar panel use in our Canal Road and Raritan-Millstone plants that allows solar energy to help power the plant and offset electricity demands in the community. Construction is underway the the Canal Road plant that will increase its capacity by 20 million gallons of water each day.
We are committed to delivering excellent service that our customers depend upon at an exceptional value. One gallon of tap water still costs about a penny and remains a great value when compared to other utility services. With few exceptions, water service remains the lowest utility bill that consumers pay each month.