I don't deal with power utilities. But have talked to water utility managers. Key thing. Regulated utilities can't just raise prices to generate a profit. But

I don't deal with power utilities. But have talked to water utility managers. Key thing. Regulated utilities can't just raise prices to generate a profit. But capital improvements are an asset that you can earn a profit on. So investment is how you can 'grow the business' Replace the pole pig feeding your house with bigger one? The utility makes a profit off that. If it were me I'd get the utility involved in upgrading residential panels to support heat pumps and car charging.