Arizona ratepayers aren’t paying for water — they’re paying for global investment capital

Arizona ratepayers aren’t paying for water — they’re paying for global investment capital

Scott McBeth Recent coverage of proposed water and sewer rate increases for customers of Picacho water and wastewater utilities in Pinal County has framed them as “long-overdue” and as an inevitable correction after years without rate adjustments.  That narrative oversimplifies the situation and misses the real story.  What residents are being asked to pay for today is not aging pipes or overdue maintenance. It is a new ownership and financing m…