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General economy, Interest Rates, the regulatory requirements that are imposed and competing local demands in our communities. What is very clear is the annual need for investment in our Water Infrastructure is going to grow dramatically in the coming decades, it will at least triple and possibly quadruple by 2040. Buried no longer, confronting americas Water Infrastructure challenge specifically, it looked at our aging water mains, what that report concluded is that we will require an investment of 1 trillion over the next 25 years to replace the water mains that will become obsolete during that time frame. That number include nothing for Drinking Water needs nor for cso, sso or other wastewater types of issues. Clearly a significant number when you compare it to what were currently spending. Another important feature to recognize, that Water Services are the most capital intensive that we provide in our country. What this means is that when we invest bigger dollars, more dollars in th

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