Press Release

Hugo Municipal Authority receives $1,276,941 loan from OWRB

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July 18, 2023

Press Release

OKLAHOMA CITY – The Hugo Municipal Authority (Authority) received approval for a $1,276,941 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water metering infrastructure.  Upgrades to the system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF) along with $803,058.77 in local funds.

The Authority will utilize the proceeds to acquire and install approximately 2,377 automatic meters, replace approximately 2,100 meter boxes and approximately 250 risers, setters, and lids and install Advanced Metering Infrastructure (AMI). AMI will allow portal access to users for the monitoring of usage, to recognize potential leaks, and to encourage conservative consumption practices. These steps will help to meet Oklahoma's Water for 2060 goals by focusing on water conservation and efficiency and reducing unintended flows to the wastewater plant.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,990,841 compared to traditional financing.