Interesting theory. In the USSR, there were no private entities. It must have been a utopia, no? Obviously, it was not, and there was widespread devastation

Interesting theory. In the USSR, there were no private entities. It must have been a utopia, no? Obviously, it was not, and there was widespread devastation of the environment, unreliable service, etc. Whether a company is for or non profit is almost beside the point. What made utilities work was that the private corp ran the business and the government board provided oversight. This eventually broke down as people are people whether they work at a for profit or non profit organization. If the board becomes filled with people with a different agenda than providing cheap, safe, reliable power, then they will take actions that, over the long term, will make it impossible for the utility to do those things. The signs of this are not allowing new transmission lines or power plants, and directing that the company use specific technologies that are not part of the (cheaper/safer/more reliable) core values.