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AWWA ACE90024
- Privatization of Water Authorities in England and Wales
- Conference Proceeding by American Water Works Association, 01/01/1990
- Publisher: AWWA
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Between 1985 and 1989, 10 publicly owned water companies in England and Wales were privatized. This paper explains why it happened, assesses the benefits, and indicates likely future developments. The author begins with background information on 1974 reorganization of water and sewage districts into 10 multipurpose water authorities, describes their restructuring under the 1989 privatization act, and proceeds through the close of the offer. A driving force behind privatization was the problem of reconciling public financing with the heavy investment needed to improve water quality. The restructuring act of 1989 created 10 private water and sewage only companies and provided for their regulation. All 10 companies were floated simultaneously and successfully. Economic and environmental regulation, the pros and cons of privatized versus nationalized systems, the reality of the public sector, potential benefits of privatization, and some assessment of the private companies' abilities to meet expectations are covered.
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