water privatization

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rf...@sonic.net

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Jul 21, 2025, 5:57:21 PM7/21/25

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For those following the possibility of water privatization being introduced in the US:

https://www.theguardian.com/commentisfree/2025/jul/17/water-bills-filthy-rivers-drought-water-crisis

rf...@sonic.net

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Jul 21, 2025, 7:19:30 PM7/21/25

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An excerpt: "...In May, the company was fined £122.7m (approx. $165 million) for the combined sins of sewage dumping and continuing to pay shareholder dividends despite its environmental failings. It responded by protesting that it might go bust if actually held accountable for its actions, a sentence that sums up everything people find infuriating about the water industry...".

https://www.theguardian.com/commentisfree/2025/jul/21/abolishing-ofwat-water-bosses-thames

(I know from law firm experience that most damages fines are paid by corporate insurance policies - what is known in the U.S. as "errors and omissions coverage" and not by the offending corporation or utility. I'd put the average percentage of a given fine thus covered - depending upon premiums paid of course - at between 60 - 85%.-rf.)

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