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> A publicly owned utility would be fine operating at 0% returns. A publicly owned utility running at 0% returns wouldn't be able to pay interest on the debt i
by rayiner 2y ago
> A publicly owned utility would be fine operating at 0% returns.
A publicly owned utility running at 0% returns wouldn't be able to pay interest on the debt it would have to issue to make capital investments.
- loeg 2y agoWhy not? The only reasonable 0% target for public agencies would be net of expenses, including cost of capital.