PWSA MAINTAINS A STRONG FINANCIAL OUTLOOK, AIDED IN PART BY OUR STRATEGIC PURSUIT OF STATE AND FEDERAL FUNDING.

Our Core Value of Stewardship extends to our responsibility as stewards of your ratepayer dollars. 

Our standing as a publicly owned and operated utility means that every dollar we receive from ratepayers is invested back into our water systems. At PWSA, it’s about service, not profit – we don’t have shareholders and don’t generate a profit. 

For the fifth consecutive year, capital spending exceeded $100,000,000. To ensure financial flexibility, we continue to boost our reserve funding, which will help us in the long term reduce costs. 

Now and into the near future, we'll responsibly be making unprecedented levels of investment in critical water, sewer, and stormwater infrastructure. Our ambitious $1.8 billion Capital Improvement Plan (CIP) will, over the next five years, add needed redundancy, improve service reliability, and help us continue to protect water quality and public health. Projects benefitting from this investment include lead service line and water main replacements, Water Treatment Plant improvements and upgrades, and projects in our once-in-a generation Water Reliability Plan.

Our strategy for capital investment is detailed in our 2024 – 2028 Capital Improvement Plan, which can be found on our Finance webpage.

To accelerate these projects while reducing the cost to ratepayers in 2023, we continued our pursuit of external funding from state and federal sources. Last year, we received more than $150 million in new low-interest loans and $22 million in grant funding, helping us stretch ratepayer dollars and keep rates as low as possible. In fact, since 2018, we’ve received more than $645 million in low-interest loans and grants from one program in particular, the Pennsylvania Infrastructure Investment Authority (PENNVEST), to support our capital program.