BOARD OF WATER SUPPLY (BWS)

January 2021 – December 2023

1. MAINTAINED SYSTEM OPERATIONS
   Maintained system-wide operation despite the loss of major water sources no longer available due to Red Hill fuel contamination of the aquifer by conducting alternative systematic planning and modeling, and executing manipulations of multiple water system adjustments to reach the everyday demands of consumers.
2. REVENUE BOND SALES TO SUPPORT REPAIR AND MAINTENANCE
   The Board of Water Supply (BWS) successfully sold $17,425,000 of Water System Revenue Bonds in 2023. Proceeds from the bonds will be used to finance new projects and to repair and maintain the water system. The transaction was 2.6 times oversubscribed with orders submitted by 12 investors.
3. AAA RATINGS
   Prior to the sale, Standard & Poors (S&P) and Fitch Ratings each assigned ratings of “AAA,” with Stable Outlooks to BWS. This is the fourth year BWS has received the AAA rating from S&P. Fitch upgraded BWS to “AAA” in conjunction with the 2023 bond sale.
4. WIFIA LOAN APPLICATION
   BWS submitted a Letter of Interest to the EPA, and the BWS was invited to apply for a low-cost Water Infrastructure Finance and Innovation Act (WIFIA) loan to construct the Kalaeloa Desalination Facility. This $99 million loan will allow the BWS to diversify its water sources.
5. KALAELOA SEAWATER DESALINATION PROJECT
   The contract for the Kalaeloa Seawater Desalination project was awarded in June 2023 to Kalaeloa Desalco, LLC. The plant will provide high-quality desalinated drinking water to Campbell Industrial Park to increase water supply and develop a source that is less susceptible to prolonged drought conditions that may be created by the effects of climate change.
6. ASSISTANCE TO LOW-INCOME FAMILIES AND VULNERABLE HOUSEHOLDS
   Assisted low-income families and vulnerable households, such as the elderly and disabled, by participating in assistance programs resulting in 251 Low-Income Home Water Assistance Program Payments totaling $230,818 and Rental and Utility Relief Payments totaling $637,628.
7. LEAK DETECTION
   The BWS Leak Detection Team found 422 leaks in FY23 including 289 water meter coupling leaks, 39 service lateral leaks, 29 main leaks and 65 customer leaks. The early identification of these leaks saved thousands of gallons of water, minimized property damage and traffic disruptions.