Generation is the only part of the business that produces the money to fund the infrastructure and the generation is the cheapest part of the business. To a la

Generation is the only part of the business that produces the money to fund the infrastructure and the generation is the cheapest part of the business. To a large extent, that business model is obsolete in many places. For example Consolidated Edison in NYC used to generate most of its own power. Here is a link to a generating station they used to own but were forced to divest: https://en.wikipedia.org/wiki/Ravenswood_Generating_Station https://en.wikipedia.org/wiki/Ravenswood_Generating_Station Due to deregulation of the energy markets in New York State, Con Edison was required to sell all of its "in-city" generating stations in New York City including Ravenswood. In 1999, Con Edison transferred ownership of Ravenswood to KeySpan Energy (KeySpan) for $597 million. I think it's stupid, but nobody asked me before they forced this on Con Ed.