Every year, Chuck commits to traveling to all62 counties in New York to meet with constituents.
On August 20th 2018, U.S. Senate Minority Leader Charles E. Schumer stood with homeowners soaked by burgeoning water bills and on the heels of an interim agreement between New York American Water and the State of New York, revealing that the company is in line to potentially receive substantial federal funds that are allocated to New York state through the federal government’s Drinking Water State Revolving Fund (DWSRF) used for improving drinking water infrastructure across the state, usually in the form of low interest loans or sometimes grants. Moreover, Schumer is also revealing the firm also already has received federal dollars. The Senator wants the Government Accountability Office (GAO) to investigate the eligibility of New York American Water and parent, American Water Co. to receive federal dollars.
“The steady drip-drip-drip of dubious charges, rate hikes and bad billing demands the federal government step in and take a deep dive into New York American Water,” said U.S. Senator Charles Schumer. “And there is precedent and reason why the feds can and should take a look, too. First, when New York American Water acquired Aqua America, Inc, the New York State Drinking Water State Revolving Fund – which is supported with federal money –supported nearly $68 million of the company’s long term debt. Second, New York American Water has been listed to potentially receive more funds from the New York State Environmental Facilities Corporation (EFC), via the same DWSRF fund, and those dollars flow directly from the feds.”