Water and Wastewater Finance and Pricing: The Changing Landscape, Fourth Edition

Prepared by: George Raftelis, CPA; Raftelis Financial Consultants, Inc.; and Other Industry Experts

Commentary by: David LaFrance, Executive Director of the American Water Works Association and Ken Kirk, Executive Director of the National Association of Clean Water Agencies

Water and Wastewater Finance and Pricing: The Changing Landscape, Fourth Edition is a financial management guide for utility managers and executives, a compendium of best financial practices for utility financial leaders, a “how-to” guide for rate and finance technicians, and a reference point for policymakers.

Detailing utility financial plans and rate structures, and highlighting how they align with community sustainability goals and utility objectives, is a major focus of the Fourth Edition. Authored and reviewed by numerous financial leaders and executives in the water, wastewater, and stormwater industries, the book tackles complex financial management and pricing challenges confronting these industries.  It builds on the concepts used in the standard manuals of the American Water Works Association and the Water Environment Federation, and offers additional insights into financial management and pricing approaches for water, wastewater, and stormwater utilities.  Specifically, a major intent of the Fourth Edition is to expand, in a complementary fashion, many of the concepts in these authoritative manuals, and share additional real-world thinking and examples with water, wastewater, and stormwater utilities.

Water and Wastewater Finance and Pricing: The Changing Landscape, Fourth Edition is geared toward professionals assigned to develop water and wastewater financial plans and rates; senior managers with the responsibility for the long-term financial sustainability of the utility; investors and agencies evaluating the financial strength of utilities; engineers/consultants planning water and wastewater facilities; academics teaching financial and pricing principles as a part of public policy curriculum; regulators needing to understand the financial viability of utilities under their purview; and policy makers desiring to support effective financial and rate plans for their constituencies.

Features of Fourth Edition

  • Analyzes the processes for developing an effective capital financing plan, including detailed discussions of public sector and private debt, credit facilities, system development charges, interest rates, cost of debt issuance, and market conditions
  • Presents all new coverage of water reuse pricing, stormwater pricing, economic and rate structures with wholesale customers, computer modeling of financial systems, risk management, public outreach, and affordability
  • Contains case studies of utilities that have adopted effective finance and pricing approaches and systems
  • Discusses delivery methods under public-private partnership approaches for designing, constructing, and operating of facilities as well as addressing complex legal, labor, and regulatory issues
  • Provides technical and policy insights to utility governing boards

For more information on the book, please visit:


or contact George Raftelis at graftelis@raftelis.com.