Capital Prioritization TMUA’s capital prioritization implementation is now in its fourth annual cycle. It has grown from its initial pilot of 55 projects to full analysis of all water and wastewater projects within the 5-year capital improvement plan (CIP). Throughout the program, Black & Veatch has worked with TMUA leaders to build in-house capability with robust business case development, software tools and processes. Now, TMUA is leading the capital prioritization process with Black & Veatch’s support. The results: The pilot study identified $11 million of cost-saving benefits by delaying 18 projects and maintaining risk tolerance levels. Year 2 evaluated the full wastewater CIP and identified $48 million in cost savings by delaying projects outside of the 5-year CIP. This also reduced TMUA’s total risk-weighted cost by nearly $8 million. Year 3 evaluated the full water and wastewater CIP and identified $49 million in cost savings by delaying projects outside of the 5-year CIP. This also reduced TMUA’s total risk-weighted cost by nearly $4 million. 0 Related Insights Hydropower Strategic Alliances: How Producers Can Benefit Strategic alliances with hydropower producers are a natural fit for asset management programs. They can be set up broadly to help producers maintain organizational stability, reliability, and financial performance. Predictive Maintenance Offers Promise in Asset Management When it comes to understanding how water utilities approach asset maintenance, survey data shows that, on average, they tend to weight their efforts more heavily toward preventive maintenance. The Stormwater Resilience Roadmap: Integration of Delivery Frameworks and Financial Capacity A structured path to a paradigm shift in stormwater management can be developed by integrating an alternative program planning and execution framework, and by enhancing financial resilience through effective funding mechanisms. The Data to Water Connection The annual Strategic Directions Report series offers analysis and insights into key issues and trends facing the smart cities and utilities, electric, natural gas, and water utility sectors. From Internet of Things to Internet of Water: How Integrated Data Can Help Stop "Day Zero" The taps are flowing more freely in Cape Town, one of the world's premier tourist destinations and a cultural center of South Africa. In 2018, Cape Town residents stared down "Day Zero," the moment when the water system – jeopardized by the combination of population growth, drought cycles, aging infrastructure and deferred system improvements – was predicted to literally run dry Related Project Stories Lifting the Burdens of Capital Improvement Programs For more than 20 years, Black & Veatch worked with the Winston-Salem/Forsyth County Utility Commission to upgrade its wastewater treatment system on a project-by-project basis. There were many short-term wins, but resilience dated master plan made the long-term a bit less clear. The real win, and biggest cost savings, required a different approach. Customer Engagement Leads to Safer Natural Gas Operations for Community Baltimore Gas and Electric (BGE) is serious about their commitment to safe and reliable operations. To bolster their residential natural gas meter protection efforts, BGE partnered with Black & Veatch on an integrated plan to relocate and safeguard meters for more than 16,000 natural gas customers in the Baltimore, Maryland, region. Black & Veatch Supports the Ratemaking and Regulatory Activities of its Utility Clients Canadian utility group Fortis Inc. owns a number of gas and electric utilities across North America. Two of these utilities faced ratemaking challenges that were impacting the level of rates paid by certain customers and the utilities’ future financial health. Approach to Mitigating Risk of Transformer Failure Improves Asset Management In 2011, a critical power transformer unexpectedly failed at one of Salt River Project’s (SRP) vital receiving stations, resulting in a large-scale outage. Black & Veatch Helps Client Achieve Certification for Asset Management in Accordance with PAS 55 With PAS 55 certification, water companies can demonstrate to customers, regulators and other stakeholders that they have effective asset management policies functioning throughout the business.