United water honored with ‘distinguished engineering’ award
Harrington park, n.j.--(business wire)--united water announced today that it has become the first recipient of the new jersey alliance for action’s distinguished engineering award, honoring innovative and outstanding engineering accomplishments. united water was honored for its solutionsm business model, based on the project’s uniqueness and positive impact on new jersey's economy and environment. “united water is deeply grateful for this award and for the acknowledgement of the private sector’s important role in public health,” said bertrand camus, chief executive officer. “maintaining clean, sustainable water supplies is the single most important contributor to public health and it is essential to creating vibrant local economies in new jersey and across the united states.” solutionsm provides—for the first time in the united states—a way for local authorities to clear millions of dollars of accumulated debt, promote job creation, create a cleaner environment and ensure that ownership and stewardship of the water system never leaves public hands. solutionsm was first implemented late last year by the bayonne municipal utilities authority and a joint venture created by united water and financial partner kohlberg, kravis, roberts (kkr). three months after the project began, moody’s investor’s service upgraded the city of bayonne’s bond rating from baa1 with a negative outlook to baa1 with a positive outlook. in addition to receiving the new jersey alliance for action’s distinguished engineering award, united water’s solutionsm business model is part of a commitment to action made by united water at the clinton global initiative (cgi) annual meeting in new york last year. united water also received the partnership performance of the year award at the 2012 american water summit in chicago for this innovative partnership and contractual approach that offers cities a new way to meet the challenge of improving and upgrading water and wastewater systems. about united water united water is one of the nation’s leading environmental companies, providing water and wastewater services to approximately 5.5 million people in the united states. in addition to owning and operating 16 water and wastewater utilities, united water operates 90 municipal and industrial water and wastewater systems through innovative public-private partnerships and contract agreements. founded in 1869, united water is a subsidiary of suez environnement. about suez environnement natural resources are not infinite. each day, suez environnement (paris: sev, brussels: sevb) and its subsidiaries deal with the challenge of protecting resources by providing innovative solutions to industries and to millions of people. suez environnement supplies drinking water to 97 million people, provides wastewater treatment services for 66 million people and collects the waste produced by 50 million people. suez environnement has 79,550 employees and, with its presence on a global scale, is a world leader exclusively dedicated to environmental services. suez environnement, reported sales turnover of 14.8 billion euros ($19.6 billion usd) at the end of financial year 2012.
SEV Ratings Summary
SEV Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission