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Fitch: FL Water Utilities Focus on Infrastructure; Rates Near Top of Affordability

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NEW YORK--(BUSINESS WIRE)--The biggest challenge facing many of Florida's municipal water utilities is the replacement of aging water infrastructure, according to Fitch Ratings. The average age of Florida's water plants rose to 13 years in 2014 from 12 years in 2012, prompting many of the state's water utilities to prioritize upkeep and renewal after a few years of deferral. 'Deferred maintenance has not been a harbinger for crisis -- in fact it has left many water utilities in Florida with a s

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