I am opposed to the takeover of Aquarion Water Company. I view it as an intrusion of government into the private sector, by operation of statute, not voluntary agreement. The proposal to purchase Aquarion strikes me as an act of government aggression towards an ongoing business concern that has mostly served the town well.
A takeover of Aquarion would upset a deliberate balance created to protect water company customer interests. The regulatory system for utility monopolies was set up to steer the middle course between unchecked capitalism and state socialism. DPU oversight aims to keep pricing at the lowest point possible for consumers, while preserving incentives for the proper operation and maintenance of the business enterprise. The profit motive has been roundly criticized in this debate, yet government is rarely praised as an efficient enterprise operator. My guess is that Hingham’s retiree pension fund benefits from the steady, low risk profits of large, for profit utility companies. I urge you to vote No on the water company purchase.
30 Summit Dr.