4 ms·

Someone has to pay, but there's no requirement that someone gets to take a percentage as profit.

• rayiner 2y ago
  Where do you think a rinky-dink municipality gets the money to pay for infrastructure? They turn to capital markets, who will make a profit on the bonds or whatever.
  • antasvara 2y ago
    Where does an investor owned utility get the money to pay for infrastructure? Because they're generally not cutting into profits to fund infrastructure improvements. PG&E is paying 2.4 billion dollars a year in interest expense (at least in 2023), so it's fair to wonder if that's really any better.
  • loeg 2y ago
    They also don't build transformers in-house; they pay vendors for providing goods and services. Why do you think capital is any different from other services? If a private utility issues a bond, investors in the bond will also make a profit on the bond in addition to investors in the private utility making a profit on the utility.