Mudcat Café Message Lyrics & Knowledge Personal Pages Record Shop Auction Links Radio & Media Kids Membership Help
The Mudcat Cafeawe



User Name Thread Name Subject Posted
Iains BS: Ecoloon or Green Hero (92* d) RE: BS: Ecoloon or Green Hero 27 Apr 19


The problem is that what you have to pay is decided by what a private firm calculates they need to pay their investors - as well as the cost of maintaining and (in the case of Ireland), the reconstruction of the entire out-of-date system

Irish water is an entirely state owned entity.
Commercial semi-State companies last year paid out dividends of €261.19 million to the State, according to Minister for Finance Paschal Donohue. This brings the total dividends from these companies to €2.4 billion since 2010.
"One of the many arguments used against Irish Water is that it is a “Private Company ” and that it should not be allowed to get information such as PPS numbers or household details .
The fact that Irish Water announces on the bottom of all their web pages that they are a “Private Company Limited by Shares” doesn’t really help ! It is confusing and it is understandable why the public are mistaken.
Most people when they see “Private Company” – think of privatisation , profit making, capitalists , shareholders and fat cats.

Irish Water is not owned by private individuals or corporations.
The truth is, that (for the time being) – Irish Water is a fully state owned company . It is a subsidiary of Ervia (which was formerly known as Bord Gais Eireann) .    Ervia itself is a state owned statutory body.

When a company is registered it can be set up as a Private Limited Company or a Public Limited Company. A public company’s shares can be bought by the public – a private company’s cannot. The only shares in Irish Water are 50% owned by Bord Gais (Ervia) and 50% owned by the state. Bord Gais (Ervia) itself is 97% state owned. (About 3% is owned by employees) .

Irish Water is set up in a very similar way to An Post , Bus Eireann, Bord na Mona , Coiltte, ESB, Ervia and Irish Rail   (to name but a few).
The Irish Water setup is the exact opposite of what most people think of when they hear “private company”   … it is a nationalised, state owned water utility that has been registered as a private company.


Post to this Thread -

Back to the Main Forum Page

By clicking on the User Name, you will requery the forum for that user. You will see everything that he or she has posted with that Mudcat name.

By clicking on the Thread Name, you will be sent to the Forum on that thread as if you selected it from the main Mudcat Forum page.
   * Click on the linked number with * to view the thread split into pages (click "d" for chronologically descending).

By clicking on the Subject, you will also go to the thread as if you selected it from the original Forum page, but also go directly to that particular message.

By clicking on the Date (Posted), you will dig out every message posted that day.

Try it all, you will see.