JeffCo, AL: Bankruptcy plan would saddle system with more risky debt, water board analysis says

Kyle Whitmire
al.com

BIRMINGHAM, Alabama — When compared to the debt structures of comparable water and sewer utilities, Jefferson County’s proposed bankruptcy plan could be best described in terms of a children’s game.

One of these things is not like the others.

In preparation for a bankruptcy court hearing last week, the Birmingham Water Works Board hired Porter White & Co. to analyze Jefferson County’s proposed plan for exiting bankruptcy, including the county’s schedule of rate increases and debt service.

Read entire article and see slides HERE

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