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>A private company sends excess capital to shareholders. A public utility is likely to send "excess" capital into politically driven projects. Sending the capi
by trhway 7y ago
>A private company sends excess capital to shareholders. A public utility is likely to send "excess" capital into politically driven projects.
Sending the capital to maintenance would be a politically driven project right now for public utility. For private company even right now it is still a conflict of interests between maintenance and shareholder interests.
- testfoobar 7y agoI'm not saying that a private utility is the best answer. I'm saying that a publicly run utility may not be any better. Consider the following regarding NY, DC & SF subway systems: "How Politics and Bad Decisions Starved New York’s Subways Disruptions and delays have roiled the system this year. But the crisis was long in the making, fueled by a litany of errors, a Times investigation shows." 2017 https://www.nytimes.com/2017/11/18/nyregion/new-york-subway-system-failure-delays.html https://www.nytimes.com/2017/11/18/nyregion/new-york-subway-... "Metro sank into crisis despite decades of warnings Metro’s failure-prone subway — once considered a transportation jewel — is mired in disrepair because the transit agency neglected to heed warnings that its aging equipment and poor safety culture would someday lead to chronic breakdowns and calamities." 2016 https://www.washingtonpost.com/local/trafficandcommuting/metro-sank-into-crisis-despite-decades-of-warnings/2016/04/24/1c4db91c-0736-11e6-a12f-ea5aed7958dc_story.html https://www.washingtonpost.com/local/trafficandcommuting/met... "Past decisions haunt BART as it seeks voter OK for $3.5 billion bond" https://www.sfchronicle.com/bayarea/article/Why-BART-s-future-now-hinges-on-3-5-billion-9198515.php https://www.sfchronicle.com/bayarea/article/Why-BART-s-futur...