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.
See More In Finance

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

Close-up of the TBM cutterhead suspended by a crane
From Germany to DC, Emily Arrives on a One-Way Ticket to Help Build the Potomac River Tunnel

DC Water’s Newest Tunnel Boring Machine to Dig Tunnel’s Southern Segment

Emily, DC Water’s second tunnel boring machine for the Potomac River Tunnel Project, has arrived at the West Potomac Park construction site. Once assembled and launched, she will excavate the tunnel’s southern section.

Latest Blog Post
DC Water General Manager and CEO David Gadis recognizes Lily MacDonald during the May Board of Directors meeting.
From Classroom to Community: A Student Spotlight on DC Water's SPLASH Program
A speechwriting assignment became a call to action for water access and affordability through DC Water's SPLASH program.
Upcoming Meeting
Date
June 4, 2026
Thursday, 9:30 AM

Upcoming Events

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.