Martin Kropelnicki on climate change
From Martin Kropelnicki, Board Chair at National Association of Water Companies Joins NYSE TV LIVE · · New York Stock Exchange
“With climate change impacting water resources, we've had to up our game in emergency preparedness and response, including installing backup generation to ensure we can pump water even during power outages and wildfires.”
On , Martin Kropelnicki, Chairman, President & Chief Executive Officer at CALIFORNIA WATER SERVICE GP, spoke about climate change during Martin Kropelnicki, Board Chair at National Association of Water Companies Joins NYSE TV LIVE on New York Stock Exchange.
About Martin Kropelnicki
Martin Kropelnicki, board chair of the National Association of Water Companies (NAWC) and CEO of California Water Service Group, appeared on NYSE TV LIVE on February 17, 2025, to discuss the future of water utilities. He stated that the water industry faces challenges including aging infrastructure, climate change, and evolving water quality standards. Kropelnicki noted that water is "the only utility where the product is ingested" and said there is "no room for error from a chemistry perspective." He described the water industry as "the most capital intensive of the utilities," citing about $3.50 of invested capital for every $1 of revenue, and said that public markets help finance the business. Kropelnicki said that NAWC member companies have had to improve emergency preparedness and response in recent years, including installing backup generation to maintain water pumping during power outages and wildfires. He identified new EPA water quality standards for PFAS and other contaminants as a top priority for 2025, adding that the industry is "racing to adapt" to those changes while also addressing climate change challenges.