Private Water Investment Costly for Customers, Industry Analysis Reveals
Source: Food & Water Watch, June 19, 2008
Washington DC - A future favorable to investor owned water utilities will result in higher rates, fewer consumer protections, a limited or non-existent federal safety net for low income communities and large infrastructure investments built to maximize profit, not the interest of the public, according to a Food & Water Watch analysis of investor briefs.
"Corporations have a financial incentive to oppose conservation, protection of drinking water sources and other policies and programs that would save money and help offset the economic burden on communities across the nation," said Food & Water Watch Executive Director Wenonah Hauter. "Wasted water drives up a company's revenue, which flows from people's water bills."