The November 2022 Water and Wastewater Market Recap covers interesting and useful water industry news for this month. It contains updates on industry drivers, notable projects, and recent mergers and acquisitions, as well as some interesting reads, and upcoming upcoming meetings and conferences.
Our data team tracks major developments in the water industry, which we call drivers. Here are some of the most important drivers from last month.
Status: Proposed
Organization: United States Environmental Protection Agency (EPA)
Summary: On November 15, 2022, EPA announced a finalized rule to reestablish the water quality standards in Washington state. The final rule includes limits for 72 different pollutants in water based on the comparatively extensive quantity of fish and shellfish consumption in the state.
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Status: Proposed
Organization: United States Environmental Protection Agency (EPA)
Summary: On November 16, 2022, EPA announced a supplemental proposed rule to ensure the collected fees provide the agency with 25% of authorizing costs under the Toxic Substances Control Act (TSCA). The proposed rule accurately estimates the anticipated expenses to administer TSCA. Other changes include a partial refund of fees for withdrawing new chemical submissions from the review process, narrowing certain fees exemption, and extending the timeframe to companies for test orders and payments. In addition, EPA is planning to hold a webinar for all stakeholders on December 6, 2022, to review the proposed rule-making.
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Status: Proposed
Organization: United States Environmental Protection Agency (EPA)
Summary: On November 17, 2022, EPA published a report highlighting the agency's key actions in implementing the strategic PFAS roadmap during the first year. The actions taken by EPA include:
In addition, the report also highlights the upcoming actions of the EPA regarding the availability of data on PFAS, proposing the latest drinking water standards for PFOS and PFOA, restricting PFAS in discharges, and regulatory processes for designating CERCLA hazardous substances..
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Here are some recent, notable Capital Improvement Programs (CIPs). FirmoGraphs has deconstructed the CIPs into data elements, along with available project descriptions. Please feel free to request a meeting and review the data live in our business intelligence application.
In the CIP covering the 2023-2027 fiscal years, Port of Seattle, Washington, detailed plans to spend over $5.1 billion on capital projects, an increase of 3.2% from $4.9 billion in its 2022-2026 CIP. The current CIP has 375 discrete projects, compared to 409 projects in the prior CIP. The table below breaks down the Port of Seattle’s planned capital spending by business area for its last two CIPs.
Planned spending in the Aviation business area increased by 13.7% to $4.5 billion. The increase goes to a new project, the S Concourse Evolution, worth $674.3 million. This project will upgrade systems, reprogram the public-facing areas, and add duty-free, retails, and dining opportunities. Economic Development and Maritime Division also increased by $86 million and $57.8 million, respectively, due to higher revenue from the Conference & Event Centers and the Ball Street Garage and higher revenue from Cruise.
Port of Seattle’s recent CIP has five notable projects valued at more than $200 million, all belonging to the Aviation category. The largest single project is the S Concourse Evolution Project, worth $674.3 million. This project upgrades systems, reprograms public-facing areas and adds duty-free retail and dining opportunities. Listed below are the other four notable projects and their proposed spending:
Click Here to See Port of Seattle, WA, CIP
According to the latest CIP for 2023-2027, the Great Lakes Water Authority plans to spend $1.7 billion on capital projects, an increase of 3.4% from nearly $1.6 billion in 2022-2026 CIP. The current CIP has 184 discrete projects, compared to 167 projects in the prior CIP. The table below breaks down Great Lakes Water Authority’s planned capital spending by business area for its last two CIPs.
Planned spending in the Water category increased by nearly 4% to $963 million. The increase is due to a $41 million newly added project, the Reservoir Inspection, Design, and Construction Management Services Phase II. Also, planned spending in the Wastewater category increased by $30 million, and it’s due to the newly added Water Resource Recovery Facility projects. These increases are accompanied by a decrease of $7 million or 74% in the Centralized Services Category.
Great Lakes Water Authority has four projects valued at more than $100 million. The largest single project belongs to the Water category, the 96-inch Water Transmission Main Relocation and Isolation Valve Installations, valued at $170 million. This project deals with relocating around the existing superfund landfill addition of isolation valves along the 96-inch water transmission main. Listed below are the other three notable projects and their proposed spending:
Click Here to See Great Lakes Water Authority, MI, CIP
The following M&A transactions in the Water and Wastewater Industry stand out in the month of November:
Here are some recent articles our team has been reading:
There is no replacement for face-to-face meetings with your prospects and customers! We track meetings of interest to our customers serving the US water and wastewater industry industry so you won’t miss upcoming meetings and deadlines. Also, FirmoGraphs has recently implemented a free-of-charge service for tracking notable infrastructure events.