Corporate Profiles
RWE, the owner of the largest private water company in the U.S., recently held its annual shareholder meeting in Germany. Learn how we plan to ReWirE American Water.
| Spotlight: American Water |
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American Water is the largest private water company in the United
States, and it’s under fire from citizens and local elected officials
across the country for high rates, poor service, endangering public
safety, and a lack of accountability. |
The corporations vying to control our water are among the largest companies in the world. French-owned Suez (better known in the United States as United Water) and Veolia Environnement have operations in 130 and 100 countries respectively. German energy multinational RWE burst onto the global water scene when it bought the British Thames Water in 2000 and the largest private water corporation in the United States, American Water, in 2003. Now, only a few years later, RWE is all but conceding defeat by pulling out of the United States and Britain.
Other large water operations include Rand Water (South Africa), NUON (The Netherlands), Bechtel (U.S.), Biwater (U.K.), Bouygues/SAUR (France), Aqua America (U.S.), California Water Company (U.S.), South West Water (U.S.), and AIG/Utilities Inc. (U.S).
But the water corporations have fallen on hard times – it turns out that people all around the world don’t want their water to be owned by corporations that put profits ahead of consumers, affordability, and access. Due to failure to meet profit targets as well as opposition to rate increases and to water privatization at the local level,
RWE is getting out of the water business entirely. It has sold Thames Water and plans to sell American Water.
And thanks to activism all across the world people have challenged the failures of private water and exposed the flawed model that puts profits ahead of the interest of people. Instead, communities are turning to their elected officials, their communities and their neighbors to build stronger locally-controlled utilities.
Water corporations still threaten control of our water. Join us in working for strong local management of water and watch out for corporate control in your community.
Take Action
Tax breaks for private water companies? No way! Tell Congress not to let corporations off the hook.
| Reports |
Fact Sheets |
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Fact Sheets
Reports
- Faulty Pipes — Why Public Funding - Not Privatization - is the An ...
- Costly Returns — Costly Returns: How Corporations Could Profit from ...
- Challenging Corporate Investor Rule — Corporations reap more protection and greater powe ...
- Going Thirsty — Going Thirsty profiles Latin American water projec ...
- American Water — The Future of American Water profiles the RWE subs ...