DC Water's

Finance

Financing a multi-billion dollar utility takes thoughtful financial planning and innovation.

Financial Policies
DC Water's adopted series of financial policies for financing
Financial Reporting
Annual Comprehensive Financial Reports
Innovative Financing
At DC water, we are always thinking about how we can do things better.
Investor Relations
Fostering and maintaining positive relationships through transparent financial communications.
Risk Management
Continuously working to identify, evaluate, and prioritize risks and to minimize, monitor, and control the probability or impact of unfortunate events. 
Budget & Financial Planning
DC Water’s operating, capital budget, and financial plan
Monthly Financial Reports
Actual numbers are estimates and subject to change based on results of the annual financial statement audit.
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Financing a multi-billion dollar utility takes thoughtful financial planning and innovation.

In 1996,  DC Water underwent a governing overhaul that placed strategic leadership with a Board of Directors and financial independence from District of Columbia government. The Office of the Chief Financial Officer was created and DC Water took responsibility for developing budgets, rate setting, paying vendors, performing financial audits and accounting, and raising funds through the Capital Markets.  Since that time, DC Water has achieved 18 unqualified audit opinions and now boasts a AAA rating – the highest a utility can achieve-- by rating agency Standard and Poor’s.

As a prominent water and wastewater utility, we take great care to respect the environment, protect human health, ensure water quality, and promote social and economic development for the District of Columbia and surrounding jurisdictions.

Senior Bond Ratings
as of February 2026
S&P
AAA
Moody's
Aa1
Fitch
AA+
Liquidity and Asset Value
as of September 2025
Days of Cash
282
Net Assets
$9.1B
Outstanding Debt
$4.1B

Upcoming Meeting

Board of Directors Meeting

April 24, 2023

Monday 9:00 AM

Announcement

The shields for the tunnel boring machine Mary being lowered by cranes into the shaft
DC Water Earns Prominent Award for Sustainable Finance Leadership through Green Bonds

Recognition highlights DC Water’s commitment to environmental stewardship during Earth Month

DC Water has been honored with the “Green Bond of the Year – US Muni Bond” Award by Environmental Finance, a leading industry publication. This achievement celebrates DC Water’s leadership in sustainability and its dedication to responsible municipal financing.

Latest Blog Post
A helicopter lowers a drill rig to workers on the Potomac River.
DC Water begins drilling in Potomac River to explore options to rehab underwater sewer line
When one of your major sewer lines runs through the Potomac River, a backhoe and trencher won't do. That's why we've got helicopters carrying a 14-ton drill and workers suspended midair over the Potomac.
Upcoming Meeting
Date
April 23, 2026
Thursday, 9:30 AM

Customer Service Center Announcement

Payment Plan Incentive: provides a credit back of 50% of the last 3 payments made. Eligible participants are residential customers who have had an outstanding balance for 60 days or greater and with an outstanding balance of $500 or more.