3 ms·
you have a misconception about what a public utility is, they are not govt run or "socialist enterprises", they are normal profit oriented corporations that sha
by fsckboy 4y ago
you have a misconception about what a public utility is, they are not govt run or "socialist enterprises", they are normal profit oriented corporations that shareholders buy shares in and expect a profit from. They are in industries which are regulated with regard to pricing, etc. because those industries are considered to create natural monopolies.