About

Learn about DC Water Investor Relations including our ESG Reporting and Green Bonds, News & Press Releases, Projects, and Team.

Learn about DC Water Investor Relations including our ESG Reporting and Green Bonds, News & Press Releases, Projects, and Team.

Daily Gallons of Clean Water
98 million
Current Senior Bond Ratings
AAA/Aa1/AA+
Total Outstanding debt (as of April 2024)
$3.69 billion

Stable and Growing Customer Base

  • Strong Service Area with Highly Diverse and Rated Customer
  • BaseRobust and Growing Regional Economy
  • Essential and Affordable Provider of Water and Sewer Services
  •  Ample Water Supply and Wastewater Treatment Capacity

Proven Rate Setting Process and Financial Metrics

  • Proven Ability and Willingness to Raise Rates to Maintain High Levels of Debt Service Coverage. Projected 10yr Average Annual Rate Increase of 7.8%
  • Board Policies: 250 Days of Cash on Hand for Operating and Maintenance Expenditures per Fiscal Year and 1.6x for Combined Debt Service Coverage
  • Management Targets and Delivers Higher Targets for Debt Service Coverage (Senior -1.4x, Sub 1.2x) and Cash Balances then Indenture Requires (1.2x)
  • Actual Debt Service for Combined Debt (1.90x) is Well Above Covenanted 1.2x
  • Manageable Variable Debt Exposure, 8% of Total Debt, with no corresponding Interest Rate Swaps
  • Conservative Budgeting and Forecasting Minimizes Financial Metric Volatility
  • 52% of CIP Financed with PAY-GO and Wholesale Payments

Environmental Stewardship

  • Issuance of Unique Environmental Impact Bond Highlights Our Commitment to the Environment
  • Leader in Green Bond Issuance in the Municipal Water & Sewer Space with Annual Independent Green Report and Third-Party Opinion or Rating for Each Green Issuance
  • D.C. Clean Rivers Project Segregated Proceeds

Experienced Management Team

  • Experienced and Financial Conservative Management Team with a Deep Bench
  • Strong Support from Regional Board
  • Committed to a Responsible Sustainability and Corporate Governance Policies

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ESG Reporting and Green Bonds

Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.

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