Aqua NC looks to squeeze more money out of citizens

The dark side of privatization:

Aqua North Carolina is asking state regulators for a 19.15 percent rate increase to raise bills for its water and sewer customers by $240 a year. It’s the third rate case in the past five years for the state’s biggest private water utility, which already charges twice as much as Raleigh, Durham, Cary and many municipalities. Aqua is a publicly traded company admired on Wall Street for its strategy of aggressive rate requests to recover investments in pipes and to reward shareholders.

Not only should the Utilities Commission refuse this rate hike, the Attorney General's office needs to open an investigation into the already hugely exorbitant charges this company is levying on its customers every month.

Comments

This is GOP Model

ALEC drones like Moffitt think privatizing water is a good idea. Aqua NC shows what a terrible idea it is, but the GOP clowns ignore that (but it won't change, because Tillisberger and Moffitt aren't the ones paying 3 times the rates of public utility water customers just to get brown water out of their tap.

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"I will have a priority on building relationships with the minority caucus. I want to put substance behind those campaign speeches." -- Thom Tillis, Nov. 5, 2014

Brown water

Brown water? Those are added nutrients and minerals that you're paying extra for. A bargain!

Right!

All for women's health!

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"I will have a priority on building relationships with the minority caucus. I want to put substance behind those campaign speeches." -- Thom Tillis, Nov. 5, 2014