Wall Street Transcript Interview with Dennis W. Doll, the President, CEO and Chairman of Middlesex Water Company (MSEX)
67 WALL STREET, New York - August 16, 2013 - The Wall Street Transcript has just published its Water Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Water Infrastructure Development - Irrigation and Metering Technology - Water Industry Consolidation - Regulatory Headwinds for U.S. Utilities
Companies include: Middlesex Water Co. (MSEX) and many more.
In the following excerpt from the Water Services Report, the President, CEO and Chairman of Middlesex Water Company (MSEX) discusses company strategy and the outlook for this vital industry:
TWST: You mentioned the energy-water nexus. Do you see that as an important opportunity for you?
Mr. Doll: Absolutely. First of all, I'm very active in the industry, both on a national and a state level. When I'm talking to my colleagues in the industry, we are all seeing the same thing. Because there is just so much opportunity, this Ridgewood, New Jersey, project that I referenced, it's a no-brainer. It's a win for the environment; it's a win for the municipality, because they will save money on electricity; and it's a win for private investors like us.
We are willing to put in the capital that a municipality may not have. So there is that water-energy nexus, the ability to marry-up the water, the waste water and the energy to provide value in all these different ways. It's just a no-brainer. This type of thing has been happening in Europe for more than 30 years. The difference is there hasn't been as much demand for this type of service in the U.S. There hasn't been as much a compelling need to do things that simultaneously improve the environment and reduce cost for people. As well, all know, municipal budgets are getting tighter all the time. Every mayor now wants to be green, first of all. They love to be able to publicize that. Those who are actually able to pull it off and save money at the same time are really the true innovators in my view. So I think this is going to be a growing trend across the country.
TWST: What else are you seeing in terms of the industry trends that you think may impact your business going forward?
Mr. Doll: One of the big challenges facing the entire industry, certainly in older systems like ours, is aging infrastructure and infrastructure upgrade and replacement. Those are the big buzz words these days. In a regulated investor-owned utility like ours, we make the investment. We go before our regulators to get the rates that are required to support those investments. On the municipal side, it can often be a lot more...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
