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Fact Sheets: Water Privatization

Fact Sheets Count: 27
May 28, 2014

Reading’s Water Lease and the Costs of Privatization

The Reading City Council is considering opening up the city’s water system to privatization.

December 17, 2013

American Water: a Corporate Profile

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

An Overview of the Successful Public Purchase of the Felton Water System

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: A Corporate Profile

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’s Water Gambit: An Irresponsible and Risky Lease

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

Don’t Bet on Wall Street: The Financialization of Nature and the Risk to Our Common Resources

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

The Top Five Reasons to Keep Illinois’’s Water in Public Hands

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

Water for the Public, Not for Profit: Why Maine Should Hold Groundwater in the Public Trust

To protect Maine’s groundwater and the general public’s best interest, Maine should hold its groundwater in the public trust.

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