May 22, 2025 - 05:05
A recent report reveals that U.S. utilities are losing a staggering $6.4 billion each year due to non-revenue water. This term refers to treated drinking water that is either lost before reaching customers or improperly billed. Alarmingly, nearly one in five gallons, or 19.5%, of the water processed is unaccounted for, highlighting significant inefficiencies in water management systems across the country.
The causes of non-revenue water are varied and can include leaks in aging infrastructure, unauthorized consumption, and metering inaccuracies. As climate change intensifies and water scarcity becomes a growing concern, addressing this issue is critical for ensuring sustainable water supply and management.
Utilities are now under increasing pressure to invest in modernizing infrastructure and implementing advanced technologies to monitor and reduce these losses. By tackling non-revenue water, utilities can not only improve their financial standing but also enhance service delivery and contribute to environmental conservation efforts.
August 23, 2025 - 12:26
Jacksonville Finance Committee Endorses Rory Diamond's Budget AmendmentsThe city’s Finance Committee convened for its final meeting on Friday to assess the proposed $2 billion budget ahead of its upcoming vote by the full city council. During this crucial session,...
August 22, 2025 - 17:16
Leadership Structure Unveiled for Pinnacle and Synovus Merger Ahead of 2026In an exciting development for the financial sector, Pinnacle Financial and Synovus have announced their leadership team in anticipation of their planned merger, set to take effect in the first...
August 22, 2025 - 01:10
New Leadership Team Appointed for Merging BanksPinnacle Financial Partners and Synovus Financial have officially announced the executive leadership team that will guide the newly combined bank, set to take shape following their recent merger...
August 21, 2025 - 22:49
Key Insights from the Federal Reserve Ahead of September MeetingThe Federal Reserve Bank of Kansas City is set to commence its highly anticipated annual Jackson Hole Economic Policy Symposium. In a recent discussion, Jeffrey Schmid, the bank`s CEO and president...