Wisconsin · PWS 1435

Crivitz Water

What Crivitz Water filed with PSC about the water it produced and the water it billed for, 2016–2025 — and what the filing does and does not let anyone verify.

Non-revenue water, FY2025: 14.1%
Recoverable annually: —
Balance check: inapplicable

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What the record shows

14.1% non-revenue water in FY2025, higher than 42% of the 562 Wisconsin systems that filed that year.

The figure is improving across the record.
The figure moved from 35% to 16% between FY2021 and FY2022.

Debt outstanding, and what covers the interest

$970,256 of long-term debt outstanding at the end of 2025, across 1 bond issue. This is principal outstanding on the water utility's own balance sheet, on the Commission's own test: it files no electric operating report.

Principal outstanding at the end of each year, as filed
Year	Debt outstanding	Issues	Net revenue	Interest	Coverage
2025	$970,256	1	$160,722	$46,771	3.44
2024	$993,214	1	$118,141	$46,425	2.54
2023	$1.0M	1	$119,771	$47,267	2.53
2022	$1.0M	1	$108,285	$48,252	2.24
2021	$1.1M	1	$91,039	$48,812	1.86
2020	$1.1M	1	$118,491	$50,517	2.35
2019	$1.1M	1	$125,066	$51,196	2.44
2018	$1.1M	1	$122,225	$51,636	2.37
2017	$1.1M	1	$119,690	$52,396	2.28
2016	$1.1M	1	$121,006	$53,119	2.28

3.44 — what Crivitz Water's net revenue was against its interest in 2025.

Net revenue over interest: the Commission's account 400 (operating revenue), less 401–402 (operation and maintenance), less 408 (taxes), divided by 427 plus 430 plus 431 (interest on long-term debt, on municipal advances, and other). Depreciation is filed under 403 and is not deducted, because what pays interest is cash.

This is not a debt service coverage ratio and must not be read as one. Debt service is principal repaid plus interest, and the principal repaid in a year is not filed anywhere in this source. A covenant ratio is defined in the bond documents, which set out their own revenues, their own operating expenses and their own exclusions. Two utilities with identical filed figures can have different covenant ratios.

Figures are as filed with the Commission under Wis. Admin. Code ch. PSC 185 and are not audited as presented. Nothing here is a credit opinion, an implied rating, or a judgement that any figure is sufficient. Source: Public Service Commission of Wisconsin, annual report financial schedules, 2016–2025, retrieved 2026-09-12.

A filed value that cannot be true.

The components PSC publishes for FY2025 do not sum to the system input it publishes for the same filing — a defect in the published export, not in what the utility filed.

Each is reproduced exactly as filed and excluded from every figure computed on this page. A number that contradicts its own audit is a finding about the filing, not a gap in ours.

Water balance, FY2025 · 46.9 MG system input

86%

93%

Billed 40.3 MG Unbilled authorized 3.13 MG Apparent loss 0.12 MG Real loss 43.6 MG

The components PSC publishes sum to 87.1 MG against the system input it publishes for the same filing, 46.9 MG — a difference of 40.3 MG. Every total in this export is computed from the others, so the parts cannot disagree unless a value was mis-transcribed. This is a defect in the data as published, not in what the utility filed.

Where these volumes come from

System input 46.9 MG sheet Sheet1, cell H117 · thousands of gallons, declared in the column header, divided by 1,000 · net of water sold to wholesale customers, which is the volume entering this utility's own distribution system
Billed authorized 40.3 MG sheet Sheet1, cell I117 · thousands of gallons, declared in the column header, divided by 1,000
Unbilled authorized 3.13 MG sheet Sheet1, cell O117 · thousands of gallons, declared in the column header, divided by 1,000
Apparent loss 0.12 MG sheet Sheet1, cell R117 · thousands of gallons, declared in the column header, divided by 1,000
Real loss 43.6 MG sheet Sheet1, cell U117 · thousands of gallons, declared in the column header, divided by 1,000

From data/archive/wi-psc-water-audit/2026-09-08-5ef7d6e2fdbd.csv (SHA-256 5ef7d6e2fdbdac2b), retrieved 2026-09-08 from the published source.

Filed history, 2016–2025
Year	NRW	Input (MG)
2025	14.1%	46.9
2024	18.6%	43.4
2023	13.9%	44.1
2022	16.0%	45.7
2021	35.4%	51.5
2020	41.4%	52.2
2019	45.6%	57.1
2018	52.0%	65.2
2017	46.2%	50.4
2016	42.2%	52.7

Balance closure is inapplicable on every filed year above, so the column that repeated it is not shown. FY2016–FY2024: PSC derives water losses from system input minus authorized consumption, so this decomposition holds by construction. FY2025: The components PSC publishes contradict each other, which is a defect in the export rather than in the filing. This is neither a pass nor a disclosure gap.

Other Wisconsin systems

PSC publishes no county or connection count for these systems, so they cannot be ranked against this one. These are other filers, not comparables.

Where is it going?

This page says how much. It cannot say which accounts, which zones, or which meters. That takes your billing history, your meter reads, and your production data reconciled against each other.

Our Water Loss Recovery Snapshot is three weeks, one flat fee, and the deliverable is a ranked list of specific accounts and zones with dollars and a confidence on each.

See what the Snapshot delivers Email us about Crivitz Water

Sources and corrections. Every figure above is either filed by the utility or computed from filed figures, and each one says which. If a number here is wrong, it is either wrong in the filing or wrong in our reading of it — tell us which and we will correct the page and say what changed.

Public Service Commission of Wisconsin, municipal annual report Schedule W-15. Retrieved 2026-09-08 from data/archive/wi-psc-water-audit/2026-09-08-5ef7d6e2fdbd.csv. https://apps.psc.wi.gov/ARS/WEGSqueries/default.aspx

What the record shows

Debt outstanding, and what covers the interest

Other Wisconsin systems

Where is it going?

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