The two faces of US rate regulation
- From: Vol 5, Issue 8 (August 2004)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Southwest Water Company
Californian water regulation is about to get more business-friendly thanks to Governor Schwarzenegger. Larry Chertoff compares the state’s pro-consumer regime with the pro-business regime in Texas.
California has been one of the big disappointments of America’s private water sector. Its fast-growing population and water scarcity should provide a lucrative opportunity for private companies. Besides its bitter opposition to outsourcing to private companies (such as last year’s Stockton fiasco), it has also proved to be one of the most hostile terrains for investor-owned utilities, thanks ...
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