This is a good point. What is utility here? I think the primary utility is highly available electricity. How is that maximized? I don't know how to do that

This is a good point. What is utility here? I think the primary utility is highly available electricity. How is that maximized? I don't know how to do that tactically, so I should stop talking... but strategically it's about minimizing risk. I suppose that involves having a highly connected grid to many power sources (solar, wind, nuclear, hydroelectric, etc) to mitigate a SPOF. It should also involve low risk transmission (underground where possible, multipath, etc). This all comes at a great cost... but if profit is important (or required for the CEO to keep his job), not all money goes to improving the system, but to lining pockets of investors. So yeah, there needs to be a plan, but the current plan is keep things working and yield dividends to shareholders.