Document 44YX8Q0MRnM1r0EE6vGKO422G

Message From: Sent: To: Subject: Lynn, Tricia [/0=EXCHANGELABS/OU=EXCHANGE ADMINISTRATIVE GROUP (FYDIBOHF23SPDLT)/CN=RECIPIENTS/CN=D8747BA49CDE485EA4AC58DBF09C3DCD-TRICIA SLUSSER] 8/11/2017 6:46:32 PM ZZZ^IZiZZZZ Re: WIFIA: $1 bn private investment? Bill-- For attribution to "an EPA spokesperson:" EPA considers a number of sources of funding and financing to be private investment. One example is the private equity that is being contributed by the private owner of one of the drinking water facilities that was invited to apply for WIFIA. Other examples include private debt - both bank and bond debt. The $1 billion estimate is derived from the sources of funds submitted in the LOIs for each of the 12 selected projects. At a broad portfolio level, EPA estimates that $20 million appropriated to the WIFIA program will allow the agency to provide over $1 billion in credit assistance and support more than $2 billion in water infrastructure investment. The 12 projects invited to apply actually allow the agency to leverage WIFIA's appropriated dollars even further. For FY 2017, the WIFIA program received $25 million in budget authority and expects to lend $2.3 billion to the 12 invited projects, which will total $5.1 billion in water infrastructure investment. As discussed above, approximately $1 billion of this $5.1 billion in total investment is expected to come from private participation, with the other non-WIFIA, non private funding coming from other government loans (such as State Revolving Fund loans), grants, and public equity contributions. For more information on the program, please go to the EPA's web page at: https://www.epa.gov/wifia Best, Tricia Tricia Lynn Office of Public Affairs U.S. EPA Office: 202.564.2615 From: pwf [mailtoj Ex. 6 Sent: Tuesday, August 08, 2017 2:32 PM To: Lynn, Tricia <lynn.tricia@epa.gov> Subject: Re: WIFIA: $1 bn private investment? The question is: your WIFIA fact sheet says there will be $1 billion in private investment in the 12 first-round projects. Please define private investment and how it is used in the financing of the 12 projects. How did you come up with the $1 billion estimate? When discussing leveraging, your numbers indicate that $20 million leverages $1 billion in private investment? Have I got that right? Sierra Club v. EPA 18cv3472 NDCA Tier 13 ED 002061 00012135-00001 My deadline is Thursday close of business. Sample issue is attached. Thanks, William G. Reinhardt, Editor Public Works Financing newsletter 81 Cheney Ave. Peterborough NH 03458 (908) 577-8411 pwfinance.net -- Original Message-- From: Lynn, Tricia <lvnn.tricia@epa.gov> To: pwfinance < ex.`6 i Sent: Tue, Aug 8, 2017 i :33 pm Subject: RE: WIFIA: $1 bn private investment? Bill-- I've just received your email. Can you please send me your specific question(s) as well as your deadline so that I can send them on for a response? Thanks so much, Tricia Tricia Lynn Office of Public Affairs U.S. EPA Office: 202.564.2615 ---------------- , From: pwf fmaiitd_______ Ex. 6________j Sent: Saturday, August 05, 2017 1:44 PM To: Fligger, Karen <riigger.Karen(5)epa.gQy> Subject: Fwd: WIFIA: $1 bn private investment? Hi Karen. Jordan's not taking calls/emails. I hope you can help with the request below: Hi Jordan. I'm sure you're busy but please give me a call. I've called you twice. I've talked to some private water developers and they can't see any P3 opportunities in your 12 WIFIA projects. I've written a story under the headline: "EPA Spins False Hopes On WIFIA Private Investment." I'm happy to change it but will need an explanation for the $l-billion number. I started my newsletter about P3s in 1988. It is widely read in the industry. My website gets about 40,000 hits a month. Sierra Club v. EPA 18cv3472 NDCA Tier 13 ED 002061 00012135-00002 See attached sample issue. Thanks, Bill William G. Reinhardt, Editor Public Works Financing newsletter 81 Cheney Ave. Peterborough NH 03458 (908) 577-8411 pwfinance.net Sierra Club v. EPA 18cv3472 NDCA Tier 13 ED 002061 00012135-00003