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Fact Sheets: Water PrivatizationFact Sheets Count: 26
December 17, 2013
American Water Works Company is the largest publicly traded U.S. water utility company, serving approximately 14 million people in more than 30 states and two Canadian provinces.
November 8, 2013
The San Lorenzo Valley Water District purchased the Felton water system from California American Water. American Water and other companies have tried to distort this successful public purchase to undermine other local buyout efforts. Communities should not heed these corporate scare tactics. Felton has benefited from local, public control of its water services.
July 14, 2013
￼United Water is one of the largest private water companies in the United States, serving about 5.7 million people. The company is a subsidiary of Suez Environnement, the world’s second largest water corporation.
October 15, 2012
No apueste a Wall Street: la financiarización de la naturaleza y el riesgo para nuestros bienes comunes
Con demasiada frecuencia, cuando un economista o banquero mira los bosques vírgenes o los ríos fluyendo libremente, no ve la naturaleza — ve “capital natural.” Este concepto promueve la idea de que a nuestros recursos naturales se les debe atribuir un valor y que deben administrarse bajo principios basados en el mercado de [...]
September 6, 2012
Private Equity, Public Inequity: The Public Cost of Private Equity Takeovers of U.S. Water Infrastructure
Investment bankers and other major financial players are increasingly interested in taking control of water and sewer services across the United States. Private equity vehicles are armed with more than $100 billion for infrastructure worldwide. Although most deals in the U.S. water utility market have involved existing private sector companies, a number of fund managers anticipate that the ongoing fiscal crisis will drive some governments to privatize their water infrastructure. To make that prediction a reality, major financial interests are backing various government proposals that facilitate privatization and private investment bankers and other major financial players are increasingly interested in taking control of water and sewer services across the United States. Private equity vehicles are armed with more than $100 billion for infrastructure worldwide. Although most deals in the U.S. water utility market have involved existing private sector companies, a number of fund managers anticipate that the ongoing fiscal crisis will drive some governments to privatize their water infrastructure. To make that prediction a reality, major financial interests are backing various government proposals that facilitate privatization and private financing of public infrastructure.
August 31, 2012
Allentown is considering a risky and potentially very costly ploy to raise money to cover some of its pension liabilities. Mayor Ed Pawlowski has proposed a 50-year lease of the water and sewer systems that he hopes will produce $150 million to $200 million in upfront cash for the city.1 This money, however, is not cheap. Any upfront payment that the city receives is a costly loan that households and local businesses will repay through their water bills for decades. While Allentown’s fiscal difficulties are certainly serious, the city must address the issue directly and avoid budget gimmicks like water privatization that will increase costs for generations of Allentonians.
June 27, 2012
All too often when an economist or banker looks out at an expanse of virgin forest or free-flowing river, she doesn’t see nature — she sees “natural capital.” This concept promotes the view that our natural resources should be attached a value and managed using market-based principles of supply and demand. It is the cornerstone of the “green economy” that many free-market proponents and market-oriented environmentalists assert will provide environmental sustainability.
June 8, 2012
Illinois communities need local, public control of their drinking water and wastewater systems to be able to ensure safe and affordable service.
June 6, 2012
To protect Maine’s groundwater and the general public’s best interest, Maine should hold its groundwater in the public trust.
March 3, 2012
United Water — owned by Paris-based Suez Environnement (Suez) — wants to build a desalination plant on the Hudson River to serve Rockland County, New York. The company says that the treatment plant is not only “necessary” but also the “most cost-effective” and “sustainable” way to meet the area’s long-term water needs. Suez’s performance history, however, calls these claims into question.