3 ms·
Profit creaming, not good for county even if it seems good in the city. Everytime there is a natural disaster in the US the press report xxxx houses without po
by teknopaul 2y ago
Profit creaming, not good for county even if it seems good in the city.
Everytime there is a natural disaster in the US the press report xxxx houses without power.
US leccy firms pride the bear minimum service, always. Profit comes first. Delivery second priority at best.
This doesn't ofter happen in Europe because they dont profit cream and builds reliable redundant grid for almost everone.
The grid even extends beyond countries boundaries, with neighbouring countries supporting each other.
Some folk out in the sticks, who you might think don't matter, provide useful services to the city folk. Eg farmers.
I.e. Cost the grid not the city.
You probably are being ripped off in the US, but that's a different story to the one being told imho.
Careful what you wish for.
- gottorf 2y agoThe average American utility company nets around 10% return on equity, IIRC. 30-year Treasury bonds can be had today around 4.6%, with none of the risk or headaches of operating a business. Hardly a bastion of profitability. I agree residential electric infrastructure in the US is not nearly as good as it could be. Buried power lines in suburban environments alone could probably cut outage numbers at least by half; but as one of the first countries in the world to electrify, doing that is a lot more expensive than in developing countries. Sometimes there is such a thing as a first-mover disadvantage!