Press Release: MDC Announces Successful Sale of $69.6 M General Obligation Bonds

MDC Announces Successful Sale of $69.6 M General Obligation Bonds
Bonds to fund critical water and sewer capital projects

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(HARTFORD, CT) – The Metropolitan District (MDC) announced the successful sale of approximately $69.5 million of General Obligation bonds on October 7, 2026.  The bond issue of $69.6 million will finance $10.7 million in water projects, $36.9 million in sewer projects, and $22.0 million in combined funding projects.  Moody’s Investor Service affirmed its Aa2 rating with a stable outlook and S&P Global affirmed its AA rating with a stable outlook last month in advance of the October 7 sale. 

A strong municipal bond market yielded thirteen bidders for the competitive bond sale, with the MDC selecting Wells Fargo Bank, NA with a 4.541999% interest rate for the 20-year debt issuance.   Additionally, the issuance was advertised in the Bond Buyer, a daily national trade publication and online resource that serves the municipal bond community.

MDC CEO Scott Jellison stated, “I applaud our finance team putting together a competitive bond sale after getting the backing of the ratings agencies.  The successful sale of these bonds reflect the strength of MDC’s financial position, the confidence of the financial institutions in investing in MDC bonds and the importance of the infrastructure improvements we are making throughout our region.”

MDC Chairman Donald Currey said, “The Board is pleased with the outcome of this bond sale and grateful for the work of our finance team in achieving such a competitive result with thirteen bidders. This financing provides the resources needed to address essential infrastructure needs while reflecting our commitment to responsible fiscal management and protecting the long-term interests of our customers and member communities.”

Press Release: MDC Tunnel Project Meets Major Milestone

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MDC Tunnel Project Meets Major Milestone
Ribbon cutting celebrates Tunnel Pump Station construction completion

(Hartford, CT) The Metropolitan District (MDC) today celebrated another significant milestone in its South Hartford Conveyance and Storage Tunnel (SHCST) Project with the official ribbon cutting of the South Hartford Tunnel Pump Station, a critical component of the region’s Integrated Plan / Clean Water Project.

The new pump station will play an essential role in the operation of the SHCST, a four-mile-long deep rock tunnel designed to capture and temporarily store excess combined wastewater and stormwater during heavy rain events before conveying those flows to the Hartford Water Pollution Control Facility for treatment.

The completion of the $138 million South Hartford Tunnel Pump Station represents the next major step toward full operation of the tunnel system and demonstrates MDC’s continued commitment to meeting federal and state clean water requirements while protecting public health and the environment.

The tunnel, which extends beneath Hartford and West Hartford and was constructed 200 feet below ground in bedrock and can store approximately 41.5 million gallons of combined sewer overflows (CSOs), will protect local waterways and improve water quality throughout the region.

The SHCST is the largest and most complex infrastructure investment in MDC’s history and is a cornerstone of the utility’s ongoing Integrated Plan / Clean Water Project, a multi-billion-dollar wastewater infrastructure program undertaken to reduce CSOs and improve water quality and public health. When in operation, the tunnel will complement the infrastructure upgrades already made as part of the Clean Water Project that have eliminated over 500 million gallons of CSOs per year.

During the ceremony, MDC officials were joined by federal, state, and local leaders, project partners, and community stakeholders to recognize the years of planning, engineering, and construction that made the project possible.

“The completion of the South Hartford Tunnel Pump Station marks another transformative achievement for the MDC, ” said Scott Jellison, MDC Chief Executive Officer. “This facility is a vital piece of infrastructure that will help maximize the effectiveness of the tunnel system, reduce CSOs, improve water quality in our communities, and protect the Connecticut River watershed for generations to come.”

“The MDC, along with our partners at CT DEEP, are proud to invest in infrastructure that delivers lasting environmental benefits for our member towns and future generations,” said MDC Chairman Donald Currey. “Today’s ribbon cutting represents not only the completion of a major facility, but also our continued progress toward a cleaner, more resilient wastewater system for the region.”

“The completion of this project is an important step toward improving public safety for Hartford residents and communities downstream. It will also reduce wastewater entering local waterways, the Connecticut River, and Long Island Sound, helping improve water quality across the region.” said DEEP Acting Commissioner Emma Cimino. “We are grateful for the statewide support of Connecticut’s Clean Water Fund and for the partnership of the Metropolitan District, the City of Hartford, Connecticut’s federal delegation, Speaker Ritter, and everyone who helped make this project possible,” 

Press Release: Rating Agencies Affirm MDC’s Strong Financial Position

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Moody’s Rating Report
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Rating Agencies Affirm MDC’s String Financial Position
MDC receives high bond ratings prior to $69.6 M GO Bond Sale

(HARTFORD, CT) – The Metropolitan District (MDC) announced today that Moody’s Investors Service and S&P Global Ratings have released their ratings on organization’s outstanding and upcoming general obligation bond issues. 

Moody’s Investor Service affirmed its Aa2 rating and S&P Global affirmed its AA rating on the MDC’s outstanding general obligation bonds.  Both agencies maintained these ratings for the MDC’s upcoming new general obligation and revenue bond issue and provided a stable outlook.

The MDC sought these ratings in advance of a $69.6 million new money general obligation bond sale planned for October 7, 2026.  The new money bond issue of $69.6 million will finance $10.7 million in water projects, $36.9 million in sewer projects, and $22.0 million in combined funding projects.

The ratings from Moody’s and Standard & Poor’s represent a high-grade rating awarded by each of these agencies. Because of these ratings, the MDC is assured of receiving favorable interest rates when it issues bonds to finance its capital projects.

MDC CEO Scott Jellison stated, “An Aa2 and AA rating from Moody’s and S&P, respectively is a powerful endorsement of MDC’s financial strength and long-term vision. We are continuing to make historic investments in water and wastewater infrastructure while maintaining the strong financial foundation that our customers and communities expect. This rating affirmation demonstrates confidence in our ability to execute on those commitments and sustain fiscal responsibility for years to come.”

MDC Chairman Donald Currey said, “These ratings reflect the Board’s unwavering commitment to fiscal responsibility and long-term infrastructure stewardship. The rating agency’s recognition affirms that MDC is successfully managing a substantial capital program while preserving financial stability and affordability for the region we serve. We remain focused on ensuring that future generations inherit a utility system that is resilient, reliable, and financially sound.”

The rating reports issued by the two credit rating agencies present a thorough, objective, and independent analysis of the MDC’s financial operations and credit strength.

S&P Global Ratings indicated the MDC’s “large ad valorem tax base contributes to rating strength and stability for the district” and its debt service obligations benefit from management’s ability to finance operations as its “diverse revenue streams help distribute costs over a wide base of users and helps with affordability considerations.”

Moody’s reports that its rating reflects the MDC’s “solid financial quality of its sewer and water funds” and lists the MDC’s credit quality is boosted by provisions of Public Act 17-1, which helps to enforce payments by member entities.

CT DEEP Press Release: Commissioner Dykes, House Speaker Matt Ritter, and the Metropolitan District Announce Major Progress Mitigating Sewer Flooding in North Hartford

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Commissioner Dykes, House Speaker Matt Ritter (D-Hartford), and the Metropolitan District Announce Major Progress Mitigating Sewer Flooding in North Hartford
June 24, 2026

(HARTFORD, CT) – Connecticut Department of Energy and Environmental Protection (DEEP) Commissioner Katie Dykes, Connecticut House Speaker Matt Ritter and the MDC today announced that the state’s commitment of over $85 million in state funding from the state’s Clean Water Fund and Clean Water Fund-related funding, combined with MDC infrastructure funding launched in 2023, has delivered on a commitment to expedite relief for residents of Hartford’s North End suffering from sewage overflows in streets and basements.

Administered by DEEP and supported by Governor Lamont and the General Assembly, the enhanced funding was used to create a pilot program whose objective is to address privately-owned infrastructure that is connected to the public sewerage system, and which can contribute to sewage overflows.  The pilot project is administered by DEEP and the Office of Treasurer. It uses the Clean Water Fund framework – the mechanism through which the state provides financial assistance to municipalities for projects addressing wastewater needs.

In the last 3 years, an aggressive action plan response (using the enhanced funding) began in North Hartford.  Since 2023, over 4,200 homes in North Hartford were contacted by the MDC, and over 1,200 have participated in the program.  We urge residents to take advantage of this opportunity.  From 2023 to March 2026, the MDC has performed the following on private properties:

inspected over 10,000 privately-owned sewer laterals that connect the home to sewer system to the public systems.

almost 5,000 laterals were replaced or rehabilitated using state and MDC funding (typically a cost borne by the homeowner and costing upwards of $10,000),

over 1,000 homes had backwater valves installed that prevent public sewer backing up into homes during high-flow conditions, and almost 500 homes received sewer infrastructure improvements at no cost to the homeowners.

In addition to this pilot work being conducted on private property, the MDC has:

also conducted sewer rehabilitation and sewer separation work within the public right of way to increase the capacity of MDC’s sewer system and reduce the instance of sewer flooding in the streets, sewer overflows to local streams, and the chance of backups into homes and business.

This work has seen almost 15,000 feet of new storm drains or sewers installed and an astounding 125,595 feet of sewer mains rehabilitated.

At the same time, this work also removes approximately 18 million gallons of combined sewer overflow volume to the Park River in a typical year.

“Hartford’s North End has been disproportionately impacted by sewer overflows for too long, and I am glad that the state has been able to step in and provide the support and actions needed to deliver relief to this neighborhood,” Governor Lamont said. “I am grateful to all the partners who’ve been working together to address this complex issue, and I particularly applaud DEEP for the progress they have made.”

“In many communities, aging sewer and wastewater infrastructure is struggling to handle more frequent, intense rainstorms, resulting in street flooding, and in this case, sewage backups in homes,” said DEEP Commissioner Katie Dykes. “I am so proud that, working together with Speaker Ritter, the City of Hartford, the MDC, and Hartford’s residents, DEEP was able to develop and implement this innovative solution to a critical challenge.  DEEP is committed to continuing this critical work, which is so central to our mission of protecting public health and the environment, especially in our most vulnerable communities.  I am thankful for Governor Lamont’s support for these unprecedented investments, and I also want to recognize the incredible DEEP staff, whose creativity and hard work was critical to the success of this project.”

House Speaker Matt Ritter (D-Hartford) said, “I want to thank Commissioner Dykes for her steadfast support on the flooding issue. We literally created new programs and implemented new ideas in a matter of weeks.  In my 16 years at the Legislature, this is one of my prouder moments and it would not have happened without Katie and her vision and support.  I wish her the best in her next endeavors and I trust that the residents and businesses of Hartford who were negatively impacted by these floods feel the same way.”

“I thank our partners at CT DEEP, elected officials, our Board of Commissioners and members of the community for coming together to provide the support for the MDC to make $170 million of infrastructure improvements for North Hartford,” said MDC Chairman Donald Currey.

MDC CEO Scott Jellison stated, “Having the MDC maintain a presence in the neighborhood with a community outreach office has proven to be a successful strategy for our projects and demonstrates we remain committed to rebuilding the infrastructure in North Hartford over the long term.”

“We are replacing decades of systemic neglect with real, tangible infrastructure progress in the North End of Hartford,” said Hartford Mayor Arunan Arulampalam. “This collaborative effort with CT DEEP and the MDC is about protecting our families’ homes and building a Hartford that can withstand the realities of climate change.”