Private equity underwriters (PEU's) claim they're the answer to America's crumbing infrastructure. The Obama administration feels likewise. Deals range from roads, bridges, ports, water, sewer, airports,
The Carlyle Group's bid for Missoula, Montana's city water company provides valuable lessons, as did Chicago's parking deals. How high will water rates soar?
Billings Gazette reported:
The Public Service Commission, which regulates utilities in Montana, also said the Carlyle Group should discuss its plans to become publicly traded and how those plans might affect future operation of Missoula’s Mountain Water Co.
PSC staff has asked the Carlyle group what investment returns it expects and receives on five other companies within its infrastructure fund, which plans to buy Mountain Water’s parent company.