Defeat HB 4508: A bad water bill

UPDATE: HB 4508 has passed the State House and State Senate and now goes to the governor's desk. Urge the governor to veto HB 4508!

  • House Bill 4508 would renew legislation passed five years ago that helps the state’s two biggest private water companies—Aqua Illinois and Illinois American Water—bankroll the purchase of municipal water systems. This bill also repeals any limits on the size of systems that the water utilities can buy.

  • HB 4508 would allow these companies to automatically raise their existing customers’ rates to fund municipal acquisitions—by 2.5 percent for one acquisition, or a total of 5 percent for multiple acquisitions.

  • Of course, municipal systems raise their prices too—but they don’t have the profit motive of these private companies. Illinois American recently secured an excessive profit rate for shareholders of nearly 10 percent in a case before state regulators. One analysis of Illinois American’s parent company says it has “crushed the market” in recent years and pursued a “fairly aggressive” buying strategy.

The bottom line: This bill makes powerful corporations even more powerful as they march across the state to buy up municipal water systems.

Please tell Governor Rauner: Veto HB 4508!

Policymaker:

  • Your Governor

Contact Information:

*Required fields

If you take action and have not already registered, you will receive periodic updates and communications from Citizens Utility Board.

Message:

Say NO to HB 4508

Dear Governor,

Thank you.
[Your Name]

 
Copyright ©2017 | Citizens Utility Board | Terms and Conditions
309 West Washington Street, Suite 800 | Chicago, Illinois | 60606
(312) 263-4282 | Fax (312) 263-4329 | (800) 669-5556 

LEGAL NOTICE: BY ACCESSING THE CITIZENSUTILITYBOARD.ORG WEB SITE YOU ARE AFFIRMATIVELY STATING THAT YOU HAVE READ AND UNDERSTAND THE TERMS AND CONDITIONS SET FORTH HEREIN AND ARE AFFIRMATIVELY INDICATING THAT YOU AGREE TO BE BOUND BY SAME.