NGWSPNext Generation Web Services Practices (conference)
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Fitch views management's willingness to raise rates in concert with rising financial obligations as essential to support the utility's current rating despite the expected growth in the debt burden, as a result of NGWSP.
The long anticipated shortage in water supply will be addressed with the construction of the NGWSP.
As part of utility's ongoing water system capital improvement plan, multiple revenue bond (senior to NGWSP debt) issuances totaling approximately $42 million are anticipated starting in fiscal 2015.