Falling on hard times, Coatesville, Penn. decided to sell off its drinking water and wastewater infrastructure in 2001 and invest the money in a trust fund to be used for city services. But privatization hasn't been the economic boon the city was hoping for. After even tougher economic times hit Coatesville, the trust has already been drained by two-thirds and residents have seen their water and sewer rates jump 85 percent since American Water, the larger water corporation in the country, took the helm. Last year the company even proposed a 229-percent rate hike for sewer services, forcing the city to cobble together money for legal fees to fight back.
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