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None of the things you list are former public utilities of any kind, much less the specific kind under discussion (California public utility districts providing
by dragonwriter 2y ago
None of the things you list are former public utilities of any kind, much less the specific kind under discussion (California public utility districts providing electricity and similar services.) PacifiCorp is a private utility company like PGE, formed from the merger of other (then- troubled), also private, utilities in 1910, and the other things aren't even utilities.
Are there any germane examples of your “These formerly ‘public utilities’ are now often owned by PE or Berkshire Hathaway” claim or is it just a complete non-sequitur?
- xrd 2y agoI do think you make valid points and I'm wrong about the way I categorized them. And, I did put public in quotes because these utilities, while privately owned, do benefit from regulatory capture that seems out of place with a privately held company. And they often operate on or over public lands. And, having lived through the fires in Oregon and seeing the trauma first hand, I'm still angry. That's my takeaway from the article but I'm willing to listen and learn. Your points are valid and show how mistaken some (or all) of my conclusions are based on false connections.
- nonplus 2y agoI believe Berkshire bought (or agreed to buy) part of dominion (a public utility delivering power) on the east coast, I don't know any particulars of how it was run or if the deal even closed. Thats the only related example I know of (non exhaustive).