Water utilities across the country are facing challenges presented by rising costs, imminent capital expenditures and declining per capita water use. These challenges are spurring innvoation and research into pricing structure for revenue security, creating the opportunity for a diverse toolbox for building more resilient water utilities. The goal of the workshop was to provide water utility finance managers and staff with a better understanding of the benefits of water conservation, the short-term and long-term impacts on revenues and water rates, and an opportunity to learn more about innovative approaches other utilities are taking to stay financially sound.
EFC Director Jeff Hughes and Senior Project Director Shadi Eskaf presented at this meeting of water utilities' Chief Financial Officers in Denver, CO. The meeting was a gathering of utility finance directors to discuss and share ideas about ways to increase revenue resiliency while encouraging water consumption conservation. Jeff Hughes presented research on communicating with elected officials/board members. Shadi Eskaf presented on alternative, innovative water rate structures and revenue resiliency.
The meeting was arranged by Ceres and the Alliance for Water Efficiency, and hosted by Denver Water.