Tag: Jeff Thompson

S&P Global lowers Central Alabama Water bond rating to AA- with CreditWatch Negative

S&P Global Ratings lowered its long-term rating to "AA-" from "AA" on Central Alabama Water's fiscal mismanagement, which the board attributes to the former Birmingham Water Works Board.

Central Alabama Water passes budget with no rate increases for customers; Intends to continue fiscally responsible cuts and amendments in early 2026

On Wednesday, Central Alabama Water passed an operation and maintenance budget and a capital budget; the budgets do not include a rate increase for customers.

Jeff Thompson named first CEO of Central Alabama Water; Search committee member expresses concerns on process

Jeff Thompson was named the first CEO of Central Alabama Water effective immediately following a vote by the board on Thursday morning. The vote, which gave Thompson a two-year contract with an annual salary of $446,000, was approved by four members of the board for the hire, two against and one member voting present.

'This is corruption': Birmingham Mayor Woodfin takes aim at rumored CEO pick for Central Alabama Water

On Monday, Birmingham Mayor Randall Woodfin took to social media to address the rumored frontrunner for chief executive officer for Central Alabama Water, Jeff Thompson.