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Corporate Profile: Aqua America — Food & Water Watch | Food & Water Watch
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I long ago stopped believing that most corporations and politicians had the good of the public in mind. We need independent groups like Food & Water Watch to raise awareness and advocate for ethical, environmentally positive laws.
Elise Zuidema
January 27th, 2010

Aqua America

CORPORATE PROFILE
Aqua America: Strategies of a Water Profiteer

Aqua America is the second largest publicly traded U.S. water utility company.

It owns and operates primarily small and medium-sized systems in suburban developments, unincorporated areas and small towns. Its operations are concentrated in Pennsylvania, and it actively seeks to expand its water sales to oil and gas drillers.

 

Key Figures (2013)

Headquarters: Bryn Mawr, Pa.

Population served: nearly 3 million people

CEO: Nicholas DeBenedictis

Total Compensation: $3.2 million

Revenues: $769 million

Profit: $221 million

 

In his own words: focus on the bottom line 

“Try to remember that the shareholder is the boss. If you are doing something that isn’t going to benefit the shareholders on a year-to-year basis, you shouldn’t do it just to get bigger. You really have to come to the bottom line.”

– Nicholas DeBenedictis, CEO of Aqua America

 

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Case Studies

Florida: Flow Florida scares Aqua out of Florida

Illinois: High rates and poor service

Indiana: A victory for public water in Ft. Wayne

New Jersey: Stopping privatization in Ramsey

North Carolina: Can water privatization drain a community?

Pennsylvania: Stopping privatization in Knox

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