Study: CFPUA hits 'optimum zone" for affordability, bills - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Study: CFPUA hits 'optimum zone' for affordability, bill comparison

Cape Fear Public Utility Authority received favorable feedback in a study of 2014 NC Water and Wastewater Rates Dashboard. Cape Fear Public Utility Authority received favorable feedback in a study of 2014 NC Water and Wastewater Rates Dashboard.

WILMINGTON, NC (WECT) – The UNC Environmental Finance Center has released the results of its study of 2014 NC Water and Wastewater Rates Dashboard.

Cape Fear Public Utility Authority received some favorable feedback.

More than 370 of the state's utilities took part in the study which, for the first time, includes an interactive dashboard that allows you to see current water and wastewater rates at various consumption levels.

According to the dashboard, CFPUA performs strong in every performance category for water and sewer rates, including affordability, bill comparison to other utilities and cost recovery.

CFPUA's financial condition hit the "optimum zone" for six of its eight categories, including revenues v. expenditures, debt service coverage ratio, operating budget ratio, cash on hand, quick ratio and asset depreciation.

To see the dashboard, click here.

The study was released as CFPUA considers rate proposals for the 2015 fiscal year.

There will be a public meeting Wednesday, March 12 to let people share their opinions about water and sewer rates. It will take place at 9:00 a.m. in the Lucie Harrell Conference Room in the New Hanover County Administration Building on Government Drive.

Copyright 2014 WECT. All rights reserved.

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