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Asset Management and Finance Committee

Asset Management and Finance Committee

Change Committee
ACCOMPLISHMENTS
  1. Submitted comments to the New Jersey Department of Environmental Protection on the proposed Intended Use Plans (IUPs). The IUPs establish the policies and priorities of the New Jersey Water Bank, which administers New Jersey’s State Revolving Fund.
  1. Sent a letter to the Governor’s Office, Department of Community Affairs, Board of Public Utilities, and Department of Environmental Protection identifying opportunities for the State of New Jersey that can help to ensure affordable water services. Read Letter
  2. Published Affordability Report (phase 2) that showcases a new methodology to estimate affordability of water and sewer utility costs in New Jersey.
  3. Created a list of resources to help with recent lead service line legislation for replacement and implementation (to be published in late December 2021).
  4. Expanded committee diversity through outreach to work toward closing gaps and expanding committee racial, gender, and sector makeup.
  1. Submitted recommendations in response to the COVID-19 outbreak to the Governor’s office, which address the impacts on low-income customers and water and wastewater utilities.
  2. Released a draft consensus methodology for measuring water affordability and identified at-risk communities.
  3. Met with NJDEP to recommend ways to focus CSO investments in environmental justice communities as a joint exploration with the CSO Committee.
  4. Identified gaps in committee membership to inform the adoption of diversity goals.
  1. Published a white paper on policy options for improving water and wastewater affordability for low-income customers.
  2. Conducted a study of capital investment by drinking water utilities statewide.
  3. Sent recommendations to the New Jersey Department of Environmental Protection for Water Quality Accountability Act reporting, in partnership with the American Water Works Association.
  1. Worked with industry partners to recommend metrics to NJDEP on the status of drinking water systems, asset management programs and capital investment.
  2. Recommended legal and policy options for improving water and wastewater affordability for low-income customers.
  3. Hosted a peer review of New Jersey Water Bank’s green infrastructure financing program, identifying ways to improve applicant success.
  1. Published in-depth case studies assessing the fiscal implications of asset management for drinking water and wastewater utilities.
  2. Published a national survey of state-level initiatives to fund water infrastructure. 
  1. Launched research on two case studies, in partnership with the New Jersey Environmental Infrastructure Trust, into the fiscal implications of wastewater utility asset management programs.
  2. Initiated the evaluation of the state’s financing programs for green infrastructure.
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