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term of the contract at $ 233.1 million, and up to $ 378.9 million when synergy savings, including reduced overtime and personnel reassignments, are taken into account. Nassau County will maintain ownership of the wastewater system and jurisdiction over its utility rates, which are not expected to rise.
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for 20 years. In exchange for operating the wastewater system and providing at least $ 10 million in savings each year, Nassau County will pay United Water $ 57.4 million annually (adjusted for inflation). The county's financial consultant on the agreement, the PFM Group, estimated savings over the
259:
At the 2012 meeting of the
Clinton Global Initiative, United Water made a commitment to engage private investors and work with municipalities to establish agreements wherein the company would take over operations, maintenance, and capital improvement of water utilities in municipalities across the
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between the BWJV and the city in which the private partners pay off the
Bayonne Municipal Utility Authority's (BMUA) $ 130 million debt and take over the operations, maintenance, and capital improvement of Bayonne's water and wastewater utilities in exchange for a regulated share of the revenue.
245:
In April 2014, United Water was given a $ 5.5 million state tax break from the New Jersey
Economic Development Authority to prevent the company from moving its headquarters out of New Jersey and into New York. The company still planned to move out of Harrington Park, considering two New Jersey
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and contract agreements. The company has over 2,300 employees, and in 2013, United Water generated $ 764 million in revenue, and managed $ 3.2 billion in total assets. The original business was founded as
824:
570:"President Clinton Hosts President Barack Obama, Egyptian President Mohamed Morsi, and Governor Mitt Romney on Closing Day of 2012 Clinton Global Initiative Annual Meeting [Press Release]"
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476:
194:, provides an interesting history of the company's first century, both covering key people and events and their contemporary context. The company originally served the city of
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766:"Nassau County, NY Announces Historic Public-Private Partnership with United Water To Operate County's Wastewater Treatment Facilities & Sewage System"
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In 1983 Hackensack Water reorganized into United Water
Resources, Inc., and in 1994 it acquired General Waterworks Corporation for $ 200 million. In 2000,
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743:"Mangano Announces Historic Public-Private Partnership To Operate County's Wastewater Treatment Plants & Sewage System"
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locations. In June 2015, Suez
Environnement opened their new North American Corporate Headquarters in Paramus, New Jersey.
161:. It owns and operates 16 water and waste water utilities, and operates 90 municipal water and waste water systems through
742:
302:
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593:"United Water Announces Commitment to Action at 2012 Clinton Global Initiative Annual Meeting [Press Release]"
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ranked Suez North
America the third largest provider of water treatment and supply services in the United States.
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United Water is managing the operations for the partnership, while KKR is providing 90% of the funding.
690:"United Water and KKR Sign Unique Utility Partnership with City of Bayonne, NJ [Press Release]"
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In June 2014, Nassau County announced that it had partnered with United Water to operate its three
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268:. This model won the Partnership Performance of the Year award at the 2012 American Water Summit.
507:"United Water, looking to move from Harrington Park headquarters, gets tax break to stay in N.J."
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451:"Bertrand Camus Named to Head SUEZ ENVIRONNEMENT North America and Its Subsidiary, United Water"
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638:"United Water to take over operations of Bayonne's water, sewer systems in $ 150 million deal"
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and, in partnership with the Spring Valley Water
Company just across the New York state line,
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Ask Bill
Clinton: Are There Bipartisan Ways to Boost U.S. Infrastructure Investment?
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Gao, Su (26 March 2013). "Can private equity fill the US water investment gap?".
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In
November 2008, Bertrand Camus became the CEO of Suez North America. In 2014,
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792:"Nassau sewer system to be managed by NJ firm under multimillion-dollar deal"
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477:"SUEZ ranked among largest North American environmental services companies"
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379:, In collaboration with Nancy Wichman, Bergen County Historical Society,
652:"Bayonne Revisited: Water Partnerships One Year Later [Webinar]"
616:"'Solution' Voted Best by Industry Peers at AWS [Press Release]"
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The company was founded as the
Hackensack Water Company in 1869 as a
202:. It grew over the decades, extending its service to other towns of
530:"New Jersey Authority Awards $ 21.8 Million of Business Tax Breaks"
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222:, although Hoboken later switched its water supply to the
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KKR to Goldman Breach Water Deal Dam in U.S.: Commodities
556:"United Water seeking to sell headquarters, report says"
218:. For a time in the early 20th century, it supplied
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343:"About Us: Facts & Figures: By the Numbers"
190:and storage company. Adrian Leiby's monograph,
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835:KKR joins private equity charge in U.S. water
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321:List of crossings of the Hackensack River
377:The Hackensack Water Company, 1869-1969
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192:The Hackensack Water Company, 1869-1969
713:"Private Equity Tries on the Hard Hat"
407:"United Water Resources, Inc. History"
7:
850:Water companies of the United States
276:In December 2012, United Water and
711:Corkery, Michael (22 April 2013).
14:
870:1869 establishments in New Jersey
790:Larocco, Paul; Brodsky, Robert.
532:. Bloomberg News. Archived from
636:Hack, Charles (July 23, 2012)
345:. United Water. Archived from
1:
865:Companies established in 1869
429:"About Us: Corporate History"
284:. The 40-year agreement is a
174:. It became a subsidiary of
675:Bloomberg New Energy Finance
572:. Clinton Global Initiative
163:public-private partnerships
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654:. Sustainable City Network
286:public-private partnership
375:Leiby, Adrian C. (1969),
316:New Jersey American Water
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303:sewage collection system
170:in 1869 and later named
168:Hackensack Water Company
262:Nassau County, New York
260:country, starting with
255:Water partnership model
239:Engineering News-Record
233:acquired United Water.
206:and building several
155:water service company
558:. 11 September 2015.
299:wastewater treatment
745:. Nassau County, NY
718:Wall Street Journal
282:Bayonne, New Jersey
266:Bayonne, New Jersey
204:northern New Jersey
159:Paramus, New Jersey
107:Number of employees
60:Paramus, New Jersey
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483:. 3 September 2014
457:. 18 November 2008
409:. Funding Universe
231:Suez Environnement
176:Suez Environnement
151:Suez North America
125:Suez Environnement
17:Suez North America
650:Baumann, Joseph.
528:Sherman, Stacie.
212:Oradell Reservoir
198:and the towns of
157:headquartered in
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618:. United Water
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534:the original
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210:, including
200:North Hudson
191:
188:water supply
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172:United Water
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55:Headquarters
31:Company type
301:plants and
224:Jersey City
844:Categories
385:B0006C01Q0
327:References
250:Activities
208:reservoirs
196:Hackensack
72:Key people
34:Subsidiary
794:. Newsday
42:Utilities
640:. NJ.com
310:See also
138:.suez-na
81:Products
39:Industry
677:: 1–11.
658:16 June
487:11 June
461:11 June
272:Bayonne
220:Hoboken
182:History
131:Website
95:Revenue
47:Founded
798:7 July
772:7 July
749:7 July
724:7 July
696:7 July
622:7 July
599:7 July
576:7 July
540:7 July
513:7 July
435:7 July
413:7 July
391:
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353:7 July
142:/en-us
120:Parent
113:(2013)
111:2,350
100:(2013)
855:Engie
393:13847
800:2014
774:2014
751:2014
726:2014
698:2014
660:2014
624:2014
601:2014
578:2014
542:2014
515:2014
489:2019
463:2019
437:2014
415:2014
389:OCLC
381:ASIN
355:2014
264:and
140:.com
50:1869
278:KKR
136:www
65:USA
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
