Privatization update

Novato (Marin Co, N. Cal) voters approved a contract with Veolia, with 50.6 percent in favor, and Indianapolis voted to privatize its water operations, in exchange for $1.9 billion. I predict more of these deals.

To wit, the City of San Jose is thinking of selling its water system. The obvious candidate is the San Jose Water Company, an investor owned utility (IOU) that operates next door. The deal hinges on price.

Read more…


Comment. Great news! Sell them all.

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