How the economy affects water utliities
July 31, 2009

The Reedsburg Utility Commission in Reedsburg, Wisconsin, provides municipal water service along with electricity and cable TV/Internet access to its customers, like many of the public utilities in Iowa and Nebraska. But the bankruptcy filing of a local foundry for ductile iron has saddled the utility commission with an unrecoverable $750,000 bill. They're attempting to use legal proceedings to get the back payments from the foundry, but the utility is probably going to be out a considerable amount of money. At least three utility firms are among the foundry's top unsecured creditors, since the firm had operations in several states. The news should be a warning to any municipal utilities that haven't taken measure of their biggest outstanding accounts: Their finances can affect yours.

July 2009
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last revised July 2009