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.
In Virginia alone, during the five-year period ending in 2012, Virginia American Water spent $61.5 million on capital expenditures to improve infrastructure throughout the state.
In 2012, Virginia American Water completed a $24.7 million expansion of the water treatment plant in Hopewell. Responding to growth in the community, this project upgraded the capacity of the potable water treatment facilities to 18 million gallons a day.
In 2014, Virginia American Water invested $13.2 million in water infrastructure to ensure reliable water service delivery to our 78,000 customers across the state, and in 2015, about $10 million in investments is anticipated.
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.