American Water
American Water is the largest publicly traded water utility in the United States.
| Corporate Profile |
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The Story of RWE and the Politics of Privatization |
Key Facts and Figures (2010)
Headquarters: Voorhees, N.J.
CEO: Jeff Sterba
Population served: 15 million people
Revenues: $2.7 billion
Net income: $268 million
A Failed German Conquest
German energy corporation RWE bought American Water in 2003 only to sell it off just a few years later. By the end of 2009, RWE had completely divested from American Water.
Leaked minutes from a RWE board meeting revealed that American Water had failed to meet any of its targets and that “considerable political resistance to privatization of the water sector” was a major factor in its failure to thrive.
- Read our press release on RWE’s leaked board minutes and download a copy of the minutes.
- Read the U.S. Mayors’ joint statement to RWE urging RWE to allow interested municipalities to negotiate the purchase of their water utilities before RWE proceeds with an IPO for American Water.
- Read our press release on American Water’s IPO: RWE unloads American Water on Wall Street
Case Studies
American Water has come under fire from communities across the country for charging high rates, providing poor service, endangering public safety and lacking public accountability.
East
Knox, Pennsylvania: Stopping privatization
Trenton, New Jersey: Stopping privatization
| American Water Alert |
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| Check out American Water Alert, a website by the Utility Workers Union of America. |
South
Lexington, Kentucky: Ongoing fight for public water
Midwest
O’Fallon, Missouri: A victory for public water
Urbana, Illinois: Ongoing fight for public water
West
Cave Creek, Arizona: A victory for pubic water
Felton, California: A victory for public water
Montara, California: A victory for public water
Monterey, California: Ongoing fight for public water


