Louisville Water Company

The meeting primarily focused on the adoption of key organizational plans and budgets. A significant portion of the discussion involved the President/CEO's report, highlighting the Board's commendable response and infrastructure checks following the UPS Flight 2976 crash, including issuing a precautionary Consumer Advisory Notice for nearby customers. The Board formally approved the 2026 Annual Operating Budget and the 2026 Capital Budget, which included a projected average water rate increase of 4.25% effective January 1, 2026, and detailed capital allocation focusing heavily on Infrastructure Renewal ($130.5 million). The Board also adopted the 2026-2030 Strategic Business Plan, which sets priorities such as Water Quality, Infrastructure Investment, and Financial Viability. Financial reports indicated strong October results, with net income exceeding budget by $1.1 million, driven by higher consumption and revenue from commercial and wholesale customers. Additionally, Information Technology reported significant progress on Disaster Recovery goals and the Oracle HCM Cloud implementation, aiming for a December 21, 2025 go-live date.

This strategic business plan for Louisville Water outlines the organization's vision to lead the industry with superior quality, service, innovation, and value. It focuses on six key priorities: ensuring high water quality, investing in reliable infrastructure, maintaining financial viability, fostering trust with customers and stakeholders, becoming an employer of choice, and driving business transformation through strategic initiatives. The plan aims to continue the company's tradition of excellence and deliver exceptional value to its customers and communities.

The Board discussed regional water supply partnership activities and the formation of a coalition to support water system improvements. They reviewed and approved the 2022 Leadership Shared Operating Goals, Management Incentive Goals, and Corporate Performance Goals. An increase to the AMI Project budget was authorized, along with changes to related contracts. The Board also authorized the renewal of the Oracle Unlimited License Agreement and designated the President to execute documents related to Kentucky Infrastructure Grant Funding. The First Quarter 2022 Certification of Projects, Change Actions, Contracts & Bids was presented, and the financial report for March was given. Updates were provided on communication, marketing, customer service, distribution operations, engineering, production operations, human resources, and information technology.

The Board of Water Works held a meeting covering various topics. These included a CEO report highlighting a research project on reducing risks in chloraminated water systems and updates on compliance with the Lead and Copper Rule Revisions. A donation to the Louisville Water Foundation was approved to support the Customer Assistance Program. The board also approved moving the processing of recurring ACH payments to a payment processing vendor and awarded a contract for the W. Muhammad Ali Boulevard Area Main Replacement Project. Additionally, the purchase of an easement for the 690 Plan Transmission project was approved. The meeting also included discussions on the 2023 Biennial Inspection, a change order for the BEP sludge lagoons renovation, investment and financial reports, cybersecurity, marketing, customer service, engineering, human resources, and information technology.

The Board of Water Works meeting included updates on the pure spoutTM project, the appointment of delegates to the One Water Board, and the ratification of a contract for the Cardinal Hill Slope Stability Project. There was also discussion regarding the Ford Collins Lane Meter Rehabilitation Project, contingent on an agreement with Ford for cost sharing and ownership. The Compensation and Benefits Committee presented the 2019 Leadership Shared Operating Goals, Management Incentive Goals, and Corporate Performance Goals for review and approval. The board also reviewed and certified projects and change actions authorized during the First Quarter of 2019, as well as contracts awarded during the same period. Financial, communications and marketing, customer service and distribution operations, engineering and production operation, human resources, and information technology reports were also presented.