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Some government owned utility companies are extremely profitable and provide billion of dollars in profit to taxpayers. A good example is Quebec, they national
by jeromegv 4y ago
Some government owned utility companies are extremely profitable and provide billion of dollars in profit to taxpayers.
A good example is Quebec, they nationalized all the electric corporations in the 1960s and it became a government monopoly.
http://www.hydroquebec.com/history-electricity-in-quebec/timeline/second-nationalization.html http://www.hydroquebec.com/history-electricity-in-quebec/tim...
- mc32 4y agoUh, well, if you get virtually free inputs, after initial construction, from a Lagrande watershed, it's not hard to make profits. So if PG&E had massive three gorges and itaipu dams they too could offer cut rate electricity just Like Paraguay too has cheap electricity.