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Finance: Statistics

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Our electric rates are consistently lower than nearby competitors.


The Holland Board of Public Works is committed to the principles of sound financial management, financial stability for each of our utilities and careful planning and direction to support the delivery of quality, low-cost services to the Holland area.

A Strong Performing Asset
Despite the challenging economic conditions our community has faced in recent years, HBPW has remained a strong performing asset to the community, both as a service provider and as an important financial contributor.

Highlights have included:

  • Standard & Poor’s rating agency upgraded the Water Utility bond rating to AA, attributing the upgrade to strong financial position, good economic fundamentals, and solid management with a willingness to adjust rates.
  • Technical and financial support of the key efforts to attract $1 billion in new investment and more than 1000 new jobs through the successful recruitment of the JCI-SAFT and LG Chem battery manufacturing facilities to be located in the Holland community.

Water Flowing

  • Capital improvements totaling nearly $6 million in 2009 alone, to improve our community’s power, water and wastewater infrastructure.
  • Electric rates that consistently average 15 – 20 % lower than nearby competitors, and are lower than the national average.
  • Water rates that are some of the lowest in Ottawa County, and lower than both the Great Lakes region and national averages.