I get that in different places utilities would have different mandates. And would potentially have different mechanisms to calculate costs and prices. A govt f

I get that in different places utilities would have different mandates. And would potentially have different mechanisms to calculate costs and prices. A govt funded utility could of course then focus on things that are not good (financial) investments. In which case sure, I can see that in play. (Not sure the US is leaning in that direction though.) >> Usually a utility gets a fixed return based on capex This would imply that funding is from sources other than consumers right? Because as a consumer I'm billed on usage, not on utility-capex.