Regulatory Compliance Risks: Stricter environmental regulations, water quality standards, and permitting requirements could increase operational costs, limit expansion, or lead to fines and legal action if not met.

Infrastructure Deterioration Risks: Aging water treatment plants, distribution networks, and pumping stations require significant ongoing capital investment for maintenance, repair, and upgrade, posing a risk of service disruptions or increased operational expenses if neglected.

Climate Change Impact Risks: Increased frequency of droughts, floods, or extreme weather events can affect water availability, damage infrastructure, disrupt operations, and strain resources, impacting supply reliability and costs.