Leasing the Altoona Water Authority is a bad idea.
We have heard this before with the electric and gas utilities and the Pennsylvania Turnpike, and look at the mess that created: higher rates, poor service and less local workers paying taxes.
These investors are not coming to our rescue. They are coming for profits - big profits?- from the ratepayers.
The rates will double, then triple, then maybe 10-fold by the end of the 50-year lease.
Griffin CEO Joe Harenza tells us the rate increases are protected by a consumer price index formula and PUC approval.
The rubberstamps are already being made.
How about fluoridation??Will we get that also?
We have a great water system, and the Altoona Water Authority has done a great job for us.
We do not want it leased out, and we did not give councilman Bruce Kelley or the other council members authority to lease the AWA.