Trilogy Consulting's Christine DeMaster, as part of the AWWA Rates and Charges Committee, contributed to April 2018's Money Matters feature on utility cash reserves. The abstract of the column is below:
Whether publicly or investor-owned, water utilities must meet operational, maintenance, and capital needs mainly through revenue from services that are delivered with expensive, complex, and regulated infrastructure. Utility systems have no margin for failure, as there is an expectation they will provide uninterrupted service 24 hours a day, 365 days a year.
A PDF of the column can be downloaded for free by AWWA members here. Non-members can access the PDF for a charge of $30 from AWWA at the same link. If you would wish to discuss cash reserve policies further, please feel free to get a hold of us at our contact page.