Over the past several years we have experienced, read about, or heard of the challenges and troubles faced by local utility companies. Not only have companies had tough operational problems but rates are driven up to cover additional costs associated with breakdowns, regulatory compliance, and general operations. I am not writing to comment on these specific issues but to commend one particular company for an outstanding job.
Fruitland Domestic Water Company has faced the same challenges as many other water supply companies. Regulatory changes have required FDWC to build, operate and maintain a new treatment plant at both considerable capital and operating cost. The company is also responsible for maintenance of well over 15 miles of water line servicing over 300 company shareholders. Major funding was required to achieve these requirements.
This year the board of directors reported to the shareholders the company has completed loan requirements for the new treatment plant. The directors also reported a solid capital reserve base for emergencies and future projects. In addition to these achievements the board announced a 13.4 percent decrease in the monthly water assessment for all shareholders.
I would like to acknowledge the excellent work done by all board members in achieving these milestones. It is rare a utility can achieve this level of financial security and reduce its cost to consumers at the same time. This pays tribute to the time, dedication, and knowledge the FDWC board of directors have. The shareholders of this company should feel fortunate to be represented by such an outstanding group.