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Central Alabama Water's Credit Rating Drop: What It Means

Central Alabama Water's Credit Rating Drop: What It Means

Birmingham News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 12, 20261m 44s

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Show Notes

Central Alabama Water faces credit rating drop, aging infrastructure, and management changes, potentially leading to rate hikes and deterring new businesses. New CEO Jeffrey Thompson pauses repairs on Lake Purdy Dam, citing questionable plans and overspending. Utility officials review budgets, aiming for a conservative spending plan by March to stabilize finances.

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