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A $500 MILLION PENSION obligation bond issue had been given the go-ahead by state legislators and Providence voters in order to ease the city's pension problems, but rising interest rates have put that bond issue in question. / PBN FILE PHOTO/CHRIS BERGENHEIM

Providence $500M bond issue to ease pension woes in jeopardy because...

Rising interest rates have thrown a monkey wrench into Providence’s plan to borrow $500 million to ease its deepening pension problems, and some say...

Complaint to EPA accuses Providence Water of discrimination in lead replacement...

PROVIDENCE – A group of local and national activism groups has accused Providence Water Supply Board of violating federal anti-discrimination laws for putting communities...

Providence Water to increase rates July 1

PROVIDENCE – Providence Water Supply Board customers will see their bills go up 4.3% starting July 1, marking the second year of a three-year...

R.I. Infrastructure Bank finances $30M in municipal drinking-water projects

PROVIDENCE – The Rhode Island Infrastructure Bank recently announced $30 million in low-interest financing to four municipalities for drinking-water projects, according to a news...

Proposed three-year rate hike for Providence Water customers approved

WARWICK - Residential and municipal customers of the Providence Water Supply Board will soon see their monthly bills increase. The R.I. Public Utilities Commission on...

Five municipalities save $560K by refinancing bonds through R.I. Infrastructure Bank

PAWTUCKET – Five municipalities recently saved $559,826 by refinancing bonds through the R.I. Infrastructure Bank. The refinancing of Drinking Water State Revolving Fund bonds was...
PROVIDENCE WATER SUPPLY BOARD will use a $16.2 million loan from Rhode Island Infrastructure Bank to replace existing lead pipes that connect customers to main water lines. /COURTESY PROVIDENCE WATER SUPPLY BOARD

Providence Water Supply Board receives $16.2M RIIB loan to replace lead...

PROVIDENCE – The Providence Water Supply Board was approved for a $16.2 million loan to replace lead pipes. The deal was made with the Rhode...
LEGISLATION INTRODUCED this month in the General Assembly proposes creating a statewide water authority to centralize oversight and operations of the 490 public water-supply systems in Rhode Island. / COURTESY ­PROVIDENCE WATER SUPPLY BOARD

This plan tying water revenue to pension liabilities is all wet

The post-retirement benefit Armageddon that awaits Providence has inspired a state legislator to offer up a bill that would help the city deal with...
LEGISLATION INTRODUCED this month in the General Assembly proposes creating a statewide water authority to centralize oversight and operations of the 490 public water-supply systems in Rhode Island. / COURTESY ­PROVIDENCE WATER SUPPLY BOARD

Can water ease Providence’s pension woes?

Is water part of the answer to the fiscal woes of Providence? Legislation introduced this month in the General Assembly proposes creating a statewide water...
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