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Global bond rating agency Standard and Poor's has lowered the borrowing rate for the newly-created Central Alabama Water system.Concerns about the public utility's weakening liquidity, aging assets and substantial reorganization of management cited as some of the reasons.Earlier this week, the “CAW's” long-term rating was downgraded from Double-A to Double-A minus.S&P also warned of further cuts within 90 days, if financial transparency is not improved.
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Birmingham officials are fighting to keep control of the state's largest water board, alleging in a federal lawsuit filed Tuesday that a new bill shifting power to Alabama's Republican leadership and majority-white suburbs "constitutes blatant racial discrimination."
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BIRMINGHAM, Ala. (AP) — More than 50 people have been sent to hospitals around Birmingham, Alabama, following a chemical spill at a water treatment…
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Three Birmingham-area officials were arrested yesterday on felony state ethics charges.In a news release last night, Alabama Attorney General Steve…
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In the wake of severe drought conditions affecting much of the state, Birmingham’s water utility is taking extra steps to conserve water.The Birmingham…