United Water Bayonne Team Completes First 90 Days of Operations

United Water Bayonne Team Completes First 90 Days of Operations

On March 21, we completed 90 days of services since we first began operations in Bayonne, NJ. Last December, we announced the initiation of our partnership with KKR for water and wastewater system operations in the City of Bayonne, NJ, using United Water’s award winning new SOLUTION℠ model to address Bayonne’s water infrastructure needs. SOLUTION℠ is designed to provide municipalities an option to upgrade and operate water infrastructure more efficiently and help meet increasing environmental and water quality standards. In turn, SOLUTION℠ attracts new, long-term capital from private equity partners. The new resources generated can then be used specifically to upgrade water systems and also to help ease pressure on municipal balance sheets, freeing cities to invest in other public services. As a part of this joint venture with KKR, United Water acquired a 40-year water and wastewater concession from the Bayonne Municipal Utilities Authority (BMUA). Under the contract, BMUA continues to maintain control of rates charged to customers, the ownership of the water and wastewater system and oversee compliance adherence and customer service performances. The last three months have been very exciting and important for our operations team at Bayonne. We asked our Bayonne team to talk about their experiences and learnings so far, and this is what they shared with us. Employee Health and Safety First: We spent the first week of operations almost solely concentrating on health and safety training of our team members. The Bayonne management team has made a commitment to all the employees that its first goal is to ensure that everyone has a safe and healthy work environment. This commitment, in turn,...