> But to the point: a U.S. state can't nationalize a private company. It simply lacks that power. Eminent domain is in both the US constitution and the Califor

> But to the point: a U.S. state can't nationalize a private company. It simply lacks that power. Eminent domain is in both the US constitution and the California state constitution. You usually have to provide compensation of course, but they made a list of exceptions that includes utilities: https://law.justia.com/constitution/california/article-i/section-19/ https://law.justia.com/constitution/california/article-i/sec...