This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Xylem Inc. Value Of Water Index Reveals Water Is Top Infrastructure Priority For New Yorkers

A majority of New Yorkers, 82 percent, believe upgrading water and wastewater systems should be the main infrastructure focus for the city; two-thirds are willing to pay higher rates to see this happen. These findings were part of the 2012 Value of Water Index, a national survey on Americans’ perceptions of water , and were released today by Xylem Inc. (NYSE: XYL), a leading global water technology company.


  • 70 percent of New Yorkers believe the U.S. water infrastructure system needs major reform or a complete overhaul.
  • 63 percent of New Yorkers are willing to pay an average of $8.30 more per month to finance water infrastructure upgrades.
    • This would mean approximately $188 million more per year for the city’s water infrastructure.
  • Nearly all New Yorkers, 91 percent, are concerned about our nation’s water infrastructure.
  • More than three-quarters of New Yorkers, 77 percent, would demand policymakers take action to address this issue, compared with 57 percent nationally.

“We launched the 2012 Xylem Value of Water Index to determine exactly what people think about water and what they are willing to do to ensure access to this vital resource,” said Gretchen McClain, Xylem president and CEO. “The New York data shows that New Yorkers are even more concerned about water infrastructure issues than the rest of the country, and they’re willing to do more to address the issue, and this is great news for the city’s water.”

New York City, through the Department of Environmental Protection (DEP), has made significant investments in water infrastructure projects. Xylem recognizes and applauds this foresight, but New Yorkers still have cause for concern: city water systems are 150 years old, making them some of the oldest in the world. With an average daily demand of 1.2 billion gallons, they are also some of the largest. This combination of age and demand is straining the ability of these systems to function properly. In 2008, the New York State Department of Health estimated New York City’s 20-year capital needs to be more than $28 billion, nearly 75 percent of the estimate for the entire state ($38.7 billion).

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs