Water utilities are selling bonds at a record pace to upgrade aging pipes and meet tougher regulations as they prepare for a potential pullback in federal funding.
More than $21 billion of water and sewer bonds have been sold so far in 2026, the most compared to the same period since 2015, according to data compiled by Bloomberg. Borrowers in New York, California and Texas have made the biggest contribution.
Utilities need to nearly triple the pace of capital improvements over the next 25 years to meet drinking water infrastructure needs, according to a March report from the
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.