Criticizes sell-off of ‘natural resource’ by public officials

To the Editor:

The Post has the story “Aquarion gets modest boost.”

Daniel Tepfer reports “Area residents were saved a major increase in their water bills Tuesday when the state utility regulators only agreed to half the increase requested by the Aquarion Water Co.”

Aquarion had the experience, good business sense and chutzpah to ask for twice what they expected… and got an 8.6 increase — the third increase since taking ownership of the entire southern Connecticut water supply — purchased with a bank loan down payment of less than a half billion dollars.

The beautiful lakes, reservoirs and entire water infrastructure had been taken over eminent domain and operated by the Bridgeport Hydraulic Co. at low water rate increases to the public.

Official approval for the buy-out by a company of any foreign country must go down in Connecticut’s history as the loss of Connecticut’s greatest natural, profit producing asset. That original purchase made the small Yorkshire Water Co. owners of all southern Connecticut water for generations, billing 376,000 southern Connecticut customers for every drop of water they use from here to eternity. The officials of the state Public Utilities Regulatory Authority and all other officials who approved this sell-out should be brought to court to explain why they permttied the sell-out. It was a major crime.

The tag sale of U.S. water supply was so successful that Yorktown/Kelda/Aquarion set up a business in Bridgeport and has been busy buying up U.S. water supplies of Long Island, New Jersey, New Hampshire and Massachusetts, and a company is now bidding to buy the water of Allentown, Pa.

The public officials who are paid to serve and protect the Connecticut public, those who permitted the sell-out of our most precious, God-given natural resourece, should be brought to trial for committing a major crime rather than vote to increase our water rates.

 

Dick De Witt

Fairfield

About author

By participating in the comments section of this site you are agreeing to our Privacy Policy and User Agreement

© HAN Network. All rights reserved. Fairfield Sun, 1000 Bridgeport Avenue, Shelton, CT 06484

Designed by WPSHOWER

Powered by WordPress