Authority Board passes bond resolution at October meeting
MWA customers will benefit from more than $100 million of system improvements over the next few years, thanks to a bond resolution passed by the Authority Board at its October meeting.
According to Authority officials, the MWA has raised approximately $113 million for its project fund from a bond issue of just under $103 million, because investors were willing to pay a premium on these municipal bonds. The Authority’s bonds are rated at Aa2 by Moody’s rating scale and AA from S&P Global, which reflect high quality bonds with very low credit risk.
Currents capital projects that may be made possible thanks to the bond proceeds include:
- $14 million for improvements to the Lower Poplar Water Reclamation Facility’s influent pump station.
- $15 million for electrical equipment upgrades at the Lower Poplar Plant.
- $20 million for onsite standby power generators at the Rocky Creek Water Reclamation Facility.
- $19 million for the engineering design of the Rocky Creek Plant improvements.
- $10 million for rehab and replacement of 3,768 linear feet of 42-inch sewer main at Lower Rocky Creek.
- $11 million for rehab of 11,222 linear feet of 24-inch sewer main at Lower Rocky Creek.
- $7 million for rehab and replacement of 3,010 linear feet of 18-inch sewer main at Joe Tamplin Boulevard.
- $17 million for Automated Meter Reading (AMR) large meter replacement and Advanced Metering Infrastructure (AMI) upgrades for small and large meters.
Article Written By: Chris Wood, JWA Public Communications
Press Contact
Rachad Hollis- Communication Specialist
Macon Water Authority
Phone: (478) 464-5600
Email: rhollis@maconwater.org