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If the government has to approve expenditures and profit margins, there seems to be little reason for a private utility to exist?
by aidenn0 10mo ago
If the government has to approve expenditures and profit margins, there seems to be little reason for a private utility to exist?
- danans 10mo agoWithout the private sector utility company, there wouldn't be a mechanism to raise funds from and pay profits to shareholders.
- xboxnolifes 10mo agoSure there would be; raise funds: tax, pay profits: reduce tax / tax breaks. The real differentiator is in the ability to choose who your shareholders are with less scrutiny.
- danans 10mo agoI tend to agree, but that's a collective decision and action problem, which we have difficulty with as a society today.
- dragonwriter 10mo agoThere is very little reason for private utilities to exist in California, especially PG&E (none of them are great, but PG*E is especially bad), which keeps funding lavishly to lobby against expansion of public utility coverage areas, committing homicide, and going bankrupt only to be resurrected in an endless cycle of nonsense.