Flint water crisis could cost U.S. $300 billion

March 5, 2016 1:09 PM

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Flint water crisis could cost U.S. $300 billion

Fitch Ratings said in a note that utilities are stepping up education efforts to bolster public confidence while also evaluating their existing treatment protocols to ensure water quality. Significant investment in service line replacement could be coming soon, particularly if the federal Environmental Protection Agency quickly alters existing rules to make them more stringent in the wake of Flint, the rating agency said.

"We believe the capital costs to replace these lines could exceed $275 billion," Fitch said.

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