FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan from Salt Lake City Public Utilities, Utah. Here are the insights we observed.
In the Capital Improvement Plan (CIP) for 2022-2026, Salt Lake City Public Utilities detailed plans to spend $1.04 billion on capital projects, an increase of 4% from $1 billion in the 2021-2025 CIP. The current CIP has 896 discrete projects, compared to 987 projects in the prior CIP. The table below breaks down the planned capital spending for Salt Lake Public Utilities by business area for its last two CIPs.
*Numbers are Rounded
Planned Water Utility Spending Swells
Planned spending in the Water Utility business area increased to $347.7 million, a 101.6% increase from the prior period. The $175 million increase is going towards new and existing projects. The new, major projects related to the Big Cottonwood Water Treatment Plant are currently valued at over $120 million. There is also a $10 million increase going towards Treatment Plant Upgrades. Additionally, a new business area is being added to the current CIP, Street Lighting Utility, with Base Level Projects worth $9.5 million.
Sewer Utility Projects Still Receive Substantial Investments
With $451.8 million planned, the largest single project is the Design Build Water Reclamation Facility. Programmed amounts for this project decreased by nearly $108 million compared to the prior CIP because it is currently under construction and expected to be completed by 2025. Sundt Construction, Inc. is working on this project.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including capital plans, regulatory developments, and other critical information. We help our customers use this information to gain competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in capital plans and other publicly available documents. Feel free to request a meeting and review the data live in our Business Intelligence platform.