It's fine.

Water companies will build new resevoir capacity, but since the extra money they already bill your for, for maintaining the infrastructure, has been paid out to shareholders, it will of course require an additional fee on your bill.

At least that has been my experience with everything privatized in the past couple of decades. The private investors scoop up every bit of value, and when it's time to pay the bill, it's the customers that must pay (again).

Fortunately we have regulations in place, but that doesn't help when all value has been siphoned from the company and all there's left is debt.