Investor owned water utility companies are pushing unreasonable rate schemes on consumers across the country. These schemes involve special surcharges that automatically increase water bills without a full public review, so that private utility companies can more quickly make a return on certain water distribution projects and ensure their long-term profitability. The companies are essentially trying to boost their earnings and shed regulatory oversight that protects consumers.
Although the scheme goes by different names in different states, it is most commonly referred to as a Distribution System Improvement Charge (DSIC). This innocuoussounding name obscures the real objective: to boost and ensure corporate profits by shifting risks to the public and bypassing standard consumer protections. (Community activists fighting this scheme have noted that a more fitting title would be a Reduction in Public Oversight For Financing, or RIPOFF.) In the states where it is allowed, it is a boon for the private water industry that comes at the expense of the public.