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.