This nation has many smaller and medium-sized water systems that are distressed. Aging and deteriorating water systems threaten economic vitality and public health. Communities nationwide are facing massive fiscal challenges to replace water and wastewater infrastructure and effectively manage their systems. Water challenges are seemingly becoming more complicated and more frequent as communities grapple with how to pay for needed improvements to their water treatment and delivery systems. Water-related services are extremely capital intensive – twice as capital-intensive as electric and telecom utilities and three times as intensive as natural gas – which is why we water companies take a proactive investment strategy to ensure our country’s water future.