PHOENIX -- EPCOR, Johnson Utilities interim manager, says that the company’s cash on hand is building up.
As of Feb. 3, $8.5 million was on hand. EPCOR stated in previous Open Meetings that Johnson was anticipating upcoming cash flow challenges.
Johnson Utilities is developing a finance plan to assure funding for the company’s Capital Improvement Plan approved. Ongoing refinements to this plan continue to be evaluated.
EPCOR provided the information to the Arizona Corporation Commission at its meetings Jan. 15 and Feb. 3.
A new well in the Promenade 2 region is being drilled. This well can produce 1,800 gallons of water per minute. EPCOR reports that the water in this well does not require treatment. Completion of this project is expected in late spring of 2020.
The Section 11 Aeration Basin 2 is filled and operational. A significant reduction in odors has been observed through hydrogen sulfide loggers located around the community and no odors have been reported in nine weeks.
Customer satisfaction surveys have also been conducted regarding Johnson’s level of care. The company reported that significant improvements in customer satisfaction have been seen. As of December 2019, 70 percent of customers reported satisfaction with the level of service being received, which is a 16 percent increase since December 2018. EPCOR said it will continue to analyze customer responses on a monthly basis.
Johnson Utilities is developing a finance plan to assure funding for the company’s Capital Improvement Plan. Ongoing refinements to this plan continue to be evaluated. EPCOR as the company’s interim manager is also preparing for its rate case with an Aug. 31, 2019 test year to be filed by Feb. 14.