PRICHARD WATER DEFENDS UTILITY.
VALUES FUTURE GROWTH.
Prichard Water voted unanimously, 5-0, Monday, June 9, 2014 to appeal the constitutionality of the June 3rd referendum to dissolve the utility and transfer assets to the Mobile Area Water and Sewer System.
“The Board has clearly decided to defend the utility, protect its assets and value the future growth of Prichard Water, “ according to the official statement released by the utility.
Additionally, the statement says, “Prichard Water is a solvent utility with assets valued at more than $75 million. Prichard Water has an excellent credit rating which, given our 5 Point Growth Plan, strongly gives us the ability to grow our utility, create jobs for our community and expand our infrastructure. Prichard Water will not willingly nor freely give away its assets or its future.”
Russell Heidelburg, Chairman
Sharolynne-McArthur-Miles, Vice Chairman
Jeremiah Hollins, Secretary-Treasurer
Ayanna Payton, Member
Nathaniel Inge, Member
*DID YOU KNOW?*
- 1. Prichard Water is a solid, stable and strong utility.
2. Prichard Water is rated A- by Standard & Poors and calls Prichard Water “long-term Stable.”
- 3. Prichard Water’s EXCELLENT CREDIT rating means the utility can develop new revenue generating plans to grow our community and enhance the services we provide.
*HERE IS THE 5-POINT PLAN*
- 1. RESTRUCTURE OUR BONDS
Our EXCELLENT credit rating positions us to restructure our bonds which will save our utility millions of dollars. With the savings, we plan to reinvest in our system to provide significant upgrades for Prichard Water.
- 2. PRODUCE OUR OWN WATER
We’re excited about getting back in the water production business. We currently buy water from MAWSS spending about $128,000 each month. When MAWSS raises the cost of water, we pass it on to our customers. Producing our own water gives us total Independence from MAWSS.
- 3. DISCHARGE TO THE MOBILE RIVER
We are mandated by state environmental officials to plan to start discharging waste water from Three Mile Creek to the Mobile River by 2015. Prichard Water has a pipeline, a valued asset, which we will use to comply with this mandate.
- 4. EXPAND OUR CAPACITY TO GROW
We currently have the capacity to expand our water and sewer system. So now, when businesses and industries are prospectively looking to come to Prichard, they can be assured we can service all their infrastructure needs. In fact, we plan to replace our 19 inch water and sewer lines as part of improving our system.
In addition, we know there are many families with septic tanks in our community. Our plan is to extend our sewer lines to connect them to our system providing a tremendous upgrade for them.
- 5. ENHANCED CUSTOMER SERVICE
Our plan also includes on-line bill pay for our customers who want the technological and safe convenience of paying on-line or via smart phones. Our goal is to have on-line bill pay up and running by 2015 if not by the end of the year.
WE KNOW THAT PRICHARD WATER, SOLVENT, STABLE AND STRONG, IS POISED TO BECOME A TOTALLY INDEPENDENT UTILITY TO BEST SERVE OUR CUSTOMERS.