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Although company experiences varied during the bonanza years of the 1990's, the case of the French-controlled water and sewage utility Aguas Argentinas is perhaps emblematic.
Companhia de Saneamento Basico (50,SBS), from a base in São Paolo, has become the largest water and sewage utility in South America and third largest in the world.
But the shares traded lower as investors were hoping for some more specific ideas again they are tormenting the moguls with details–about how that goal might be achieved, such as through the sale of its 63% stake in Vivendi Environnement\, a water and sewage utility, one of Vivendi's traditional businesses before Messier took it Hollywood.
For example, one of the country's most famous beaches, Tamarindo, featured in the 1994 film Endless Summer 2, the sequel to 1966's landmark "Endless Summer," last year had been stripped if its Ecological Blue Flag, a distinction granted by Costa Rica's water and sewage utility to beaches with excellent or very high sanitation and cleanliness.
Under Messier's direction, a century-old French water and sewage utility called Vivendi was being upgraded to a telecommunications giant that presumably would take its place alongside Murdoch's News Corp., Redstone's Viacom, Disney and AOL Time Warner as one of the 21st century's great media companies.
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Running water and sewage utilities may be hard to come by.
IN an apparent departure from its decade-long effort to have all property owners in New York City pay for water and sewage utilities based on metered usage, the city's Department of Environmental Protection recently instituted a program that would allow owners of some residential buildings to pay on a per-unit basis.
It's a headache for sewage utilities that must cope with toxic metals lacing wastewater headed for streams or sludge that might otherwise be spread on farm fields.
Water and sewage utilities are common examples of government enterprises.
Electric utilities, like water and sewage utilities, are natural monopolies that require government regulation.
The average Flint resident pays $150 a month for water and sewage utilities — about eight times more than the national average.
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