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A power company is not a normal business, they are a public utility. They aren't supposed to be making money, they're supposed to be providing a public service.
by thescriptkiddie 11y ago
A power company is not a normal business, they are a public utility. They aren't supposed to be making money, they're supposed to be providing a public service.
- vosper 11y agoWho says they can't do both?
- feld 11y agoThe law. Utilities cannot profit on the electricity they sell.
- danans 11y agoActually, the fact that government-regulated private utilities are very reliable and low risk generators of investment returns (people still consume energy during a recession) is the reason they are a cornerstone of many retirement investment funds. Locally operated municipal utilities, however, are less likely to be turning a profit, at least not one that benefits shareholders. Edit: clarifications