It looks like American Water Co. is out to get back in the black on a national scale. We now have three examples, all within the last 30 days, of subsidiary companies of American Water seeking very large rate increases in different service areas. Add the Veolia case from Indianapolis, and we have four examples.
Here are links to the stories:
Illinois American, 30% increase
Indiana American,38% increase
Missouri American,18% increase
Veolioa (Indianapolis, IN), 35% increase
Our point in these examples is not that the increases are not necessary, but rather that private utilities are no better suited to absorb costs or even operate at a lower over all cost than municipal providers. The body of evidence is growing against the so-called efficiencies of private utility companies.
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