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So basically a regulated public utility used its position to build plants to push independents out of the market all the while knowing the capacity wasn't neede
by Shivetya 10y ago
So basically a regulated public utility used its position to build plants to push independents out of the market all the while knowing the capacity wasn't needed. It was a power play supported by the regulating committee that should have said no.
The first step in fixing such issues is to block those companies protected by status of being public utilities from contributing to political campaigns.
The issue not covered by the article from what I can see is, how much of this is baseload power and no peak power or variable (renewable)