Oklahoma City, Okla., extends Veolia Water wastewater partnership for four more years
02/14/08 • Water
HOUSTON, Feb. 14, 2008 - The Oklahoma City Water Utility Trust and Oklahoma City Council have unanimously approved a four-year contract extension with Veolia Water North America - West LLC (Veolia Water) to continue managing the city's four municipal treatment facilities that can process a combined 106 million gallons per day of residential and commercial wastewater. Along with wastewater treatment plant operations, Veolia Water will continue to manage the city's award-winning biosolids reuse program and the Industrial Pretreatment Program (IPP), which monitors waste from more than 272 permitted companies.
Under the renewed contract, Veolia Water will provide engineering and operational support to Water Utility Trust staff for all treatment facility capital improvements, locate and permit all future required biosolids application sites, provide ODEQ-required chlorination and dechlorination services to the South Canadian treatment facility, and provide additional maintenance and repair staff to protect facility assets.
As a result, Oklahoma City constituents will continue to enjoy rate stability, proactive management of their wastewater assets and strong environmental stewardship of the community's water resources. Since 1985, the Veolia Water partnership has saved citizens approximately $150 million.
"For more than 22 years, Veolia Water has effectively operated and maintained the city's wastewater facilities, resulting in substantial savings for our residents," said Marsha Slaughter, Oklahoma City's Utilities Director. "Veolia Water's focus on permit compliance and record of community service is an example of the company's commitment to preserve our quality of life."
Chuck Voltz, president, Veolia Water North America - West LLC said, "This extension validates our superior client service delivery model. Our staff in Oklahoma City has performed exceptionally well, and we will continue seeking new ways to better serve the community and protect the environment. We are certainly grateful for this vote of confidence, and we look forward to serving the residents of Oklahoma City for another four years."
Veolia Water North America - West LLC is a wholly owned subsidiary of Veolia Water North America, the leading provider of comprehensive water and wastewater services to municipal and industrial customers, providing services to more than 14 million people in approximately 600 communities. The company is part of Veolia Water, the No. 1 water company in the world, serving more than 108 million customers. Veolia Water is the water division of Veolia Environnement (NYSE:VE) and (Paris Bourse:VIE), the world's largest environmental services company providing tailored solutions in water management, waste management, energy management, and freight and passenger transportation. With more than 300,000 employees, Veolia Environnement recorded annual revenues of $48 billion for the 2007 fiscal year. Visit the company's Web sites at www.veoliaenvironnement.com
Important Disclaimer. Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, and the risks related to Veolia Environnement's relationship with Vivendi Universal, as well as the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.